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Loonie Plunges After Bank Of Canada Keeps Rates Unchanged

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zerohedge.com / by Tyler Durden / Oct 25, 2017 10:09 AM

After two rate hikes earlier in the year, once in July and an unexpected rate hike in September, the Bank of Canada decided to tread lightly, and kept its overnight rate at 1%, as everyone expected stating […]

Is Canada Really “In Serious Trouble”: Goldman Responds

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zerohedge.com / by Tyler Durden / Jul 19, 2017 10:49 AM

One week after we channeled Deutsche Bank’s Torsten Slok, who two years ago warned that “Canada is in serious trouble“, a warning which was especially resonant after last week’s rate hike by the Bank of Canada – the […]

Despite Bank Of Canada Hubris, Existing Home Sales Crash In May

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zerohedge.com / by Tyler Durden / Jun 15, 2017 9:11 AM

The Bank of Canada is stuck between the rock of a housing bubble (textbook-based trickle-down confidence-inspiration) and a hard place of a housing bubble (total lack of affordability) as it proclaimed this week that it may withdraw […]

Loonie Surges To 5 Week High After BOC Surprises With Hawkish Statement

zerohedge.com / by Tyler Durden / May 24, 2017 10:25 AM

While the Bank of Canada did not surprise with its interest rate decision, holding rates at 0.5% as expected, the market has read between the lines of the statement and concluded that it was substantially more optimistic than expected, with clear hawkish notes […]

Toronto House Price Bubble Hit with 15% Foreign Buyers Tax. “Property Scalpers” & “Double Ending” Brokers Targeted

wolfstreet.com / by Wolf Richter • Apr 20, 2017

“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.

The government of the Province of Ontario announced a laundry list of measures to prick the crazy house price bubble in Toronto and surrounding areas. This includes […]

Loonie Jumps After Bank Of Canada Holds Rates, Sees Output Gap Closing Sooner

zerohedge.com / by Tyler Durden / Apr 12, 2017 10:20 AM

The Bank of Canada kept its benchmark overnight interest rate on hold at 0.5%, as expected, noting that the “current stance of monetary policy is still appropriate” and adding that the “global economic growth is strengthening and becoming more broadly-based”.

While observing that […]

Bank Of Canada Lays Out In YouTube Clip How The Economy Could Tank

zerohedge.com / by Tyler Durden / Dec 25, 2016 3:44 PM

As MacLean’s Jason Kirby points out, the Bank has taken to YouTube to warn Canadians about the dangers of too much debt and unrealistic house price expectations. He wonders, however, whether anyone will listen as one after another real estate bubble form in […]

Loonie Soars After BOC’s Poloz Says Fiscal Stimulus Has Eased Pressure For Lower Rates

zerohedge.com / by Tyler Durden / Oct 24, 2016 4:48 PM

The reason why the loonie is surging and USDCAD tumbling is because moments ago, in his testimony before the House of Commons committee in Ottawa, BOC head Poloz said that the Bank of Canada is taking a wait-and-see approach to dealing with Canada’s […]

Canada Recession Signals: Retail Sales Unexpectedly Dip; Loonie Sinks; Bank of Canada Ponders Easing; Yield Curve Inversion

mishtalk.com / Mike “Mish” Shedlock / October 21, 2016

Despite having a massive property bubble, the Bank of Canada discussed cutting rates on Wednesday to stimulate the economy.

A rate cutting move is even more likely now, as retail sales unexpectedly fell 0.1% in August vs. an expected gain of 0.3%.

In response, the […]

Four Key Events in the Week Ahead

marctomarket.com / by Marc Chandler / Oct 17, 2016

Of the forces driving prices in the week ahead, events appear more important than economic reports. There are four such events that investors must navigate. The Bank of Canada and the European Central Bank meet. The UK High Court will deliver its ruling on the […]

The Monetary Wildfires In Canada

davidstockmanscontracorner.com / by Jeffrey P. Snider • August 31, 2016

The massive wildfires in Alberta earlier this year had a tremendously negative effect upon not just the oil sector but all of Canada. Not surprisingly, Canadian GDP released today was abysmal. Falling 1.6% in Q2, that was the worst quarter since 2009. Fortunately for […]

The Truth Is Always Somewhere in Between

mauldineconomics.com / BY JARED DILLIAN / APRIL 14, 2016

A few months ago, Canada was going into a depression. USDCAD was at 1.46.

Now, the Bank of Canada is forecasting 1.7% GDP growth. USDCAD is at 1.28.

Oil was at $28 on its way to zero. (It is possible for commodity prices to go negative—where […]

Rob McEwen calls Bank of Canada ‘idiots’ for selling gold at market bottom

gata.org / CHRIS POWELL / March 4, 2016

Dear Friend of GATA and Gold:

McEwen Mining Chairman Rob McEwen, founder Goldcorp, tells Business News Network in Toronto today that the executives of the Bank of Canada are “idiots” for having sold the country’s last gold reserves just as the Bank of England did from 1999 […]

DO YOU OWN ANY GOLD? IF SO YOU OWN MORE THAN THE BANK OF CANADA

dollarvigilante.com / JEFF BERWICK / MARCH 4, 2016

Canada’s Financial Ministry has continued to act out its insanity. The Ministry has actually stripped Canada of every last, single ounce of gold.

This at a time when China and Russia are buying whatever they can. China holds over 1,700 tons of gold though it probably […]

How The Bank Of Canada Saved The World… If Only For A Few Days

zerohedge.com / by Tyler Durden on 01/25/2016 14:59

Late last week the markets soared after the S&P hit 1812 – a 15% drop from its all time highs – with oil enjoying its biggest two-day surge in 7 years, on what most agree was a furious oversold bounce.

But what was the catalyst? The […]

Canada Set To Unleash Negative Rates As Oil Patch Dies, Depression Deepens

zerohedge.com / by Tyler Durden on 01/19/2016 11:50

This Wednesday, the Bank of Canada has a decision to make.

Canada’s oil “dream” is dying thanks to the inexorable slide in crude prices and as the IEA made clear earlier today, the pain is set to persist for the foreseeable future as the world […]

Canada Goes to the Polls on Monday October 19

marctomarket.com / by Marc Chandler / October 14, 2015

Canada’s national election is slated for Monday. The latest opinion polls show a virtual dead heat between the governing Conservatives and Liberals.

Two main issues dominate. The first is the economy. Canada is struggling. Although the contraction period is over, growth is fragile. The economy contracted […]

Second Rate Cut in 2015

mises.ca / by Caleb McMillan / July 16th, 2015

To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to this interest rate cut. […]