Canadian dollar to rise later in 2023 on more favorable global outlook: Reuters poll By Reuters
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and […]
Canadian federal government budget deficit shrinks dramatically
The Canadian government is out with its latest budget numbers and they’re stark, thanks to much lower spending and a boost from resource revenues. The April-November budget deficit is C$3.55 billion compared to C$73.7 billion a year ago. To be clear, a decade ago a year-long deficit of $10 billion was seen as a large […]
Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment was a mixed bag last week. On Wall Street, the Dow Jones plummeted 2.38% as the tech-heavy Nasdaq 100 soared 1.27%. Things looked worse across the Atlantic Ocean, the DAX 40 and FTSE 100 fell -0.35% and -0.94%, respectively. Markets were rosier […]
Canadian house prices fall 1.6% in December
Prices down 7.5% y/y Volume of sales +1.3% m/m vs -3.3% expected Activity down 39.1% y/y The Canadian housing market is in a tough spot and with the BOC set to hike again this month, it will get worse before it gets better. “In 2022, we saw one of the biggest single-year shifts on record […]
Canadian Fintech Nuvei to Buy US-Based Paya for $1.3 Billion
Nuvei, a Canadian fintech company has agreed to buy Paya, an Atlanta-based integrated payments provider in a deal worth approximately $1.3 billion. Nuvei will pay USD $9.75 in cash per share, the companies announced in a statement released on Monday. While Nuvei offers next-generation payment infrastructure and payout options, Paya provides commerce solutions to help […]
Canadian dollar to rebound in 2023 if economic uncertainty clears: Reuters poll By Reuters
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File Photo By Fergal Smith TORONTO (Reuters) – Canada’s dollar will rally this year, but much of the upswing will have to wait until a period of uncertainty passes […]
Can Canadian Jobs Numbers Change the BOC’s Mind?
The Loonie has been suffering a bit for a combination of factors. The slide in the price of crude, is one of them, but crude prices are volatile in the current conditions. A more enduring factor is the perception that the BOC is likely to be the first major central bank to pause in the […]