External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul>
<li>The CAD got the lift I was looking for from this week’s events.</li>
<li>US CPI came in lower than expected and the Bank of Canada raised interest rates 25bps.</li>
<li>The broader import of the slide in US CPI is a clearer shift in the narrative surrounding the USD—the fact that the peak in the Fed tightening cycle is now very close, perhaps just a couple of weeks away. </li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


The CAD got the lift I was looking for from this week’s events.
US CPI came in lower than expected and the Bank of Canada raised interest rates 25bps.
The broader import of the slide in US CPI is a clearer shift in the narrative surrounding the USD—the fact that the peak in the Fed tightening cycle is now very close, perhaps just a couple of weeks away. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook – CAD’s Grind Higher Should Extend

<div><div><div><ul><li>The Bank of Canada duly raised its key policy rate 25bps today, to 5.00%.</li><li>The accompanying MPR highlighted stronger than expected growth momentum and pushed back the timeline for restoring inflation to the 2% goal.</li><li>Strong immigration was highlighted as one factor in stronger than expected domestic demand and a resilient housing market.</li></ul></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Bank of Canada duly raised its key policy rate 25bps today, to 5.00%.The accompanying MPR highlighted stronger than expected growth momentum and pushed back the timeline for restoring inflation to the 2% goal.Strong immigration was highlighted as one factor in stronger than expected domestic demand and a resilient housing market.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Canada

The Canadian dollar is the official currency of Canada. 

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CAD (USDCAD CURNCY)

CAD Weekly Outlook – CAD’s Grind Higher Should Extend

The CAD got the lift I was looking for from this week’s events. US CPI came in lower than expected and the Bank of Canada raised interest rates 25bps.

Scotiabank

FX Snapshot - CAD Gains Should Extend

The accompanying MPR highlighted stronger than expected growth momentum and pushed back the timeline for restoring inflation to the 2% goal.

Scotiabank

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