Canadian business sentiment remains subdued amid trade tensions with the United States, and firms only expect modest sales growth in the year ahead, a Bank of Canada fourth quarter survey showed ?on Monday. The quarterly business outlook survey also showed that 21% of firms plan to cut ?workers in the year ahead, the highest level since the 22% seen ?in the second quarter of 2016.
After Thursday's weak Canadian existing home sales data, the country was on the receiving end of another real estate data the day after, with housing starts bouncing by 10.9% month over month to 282,400 units at an annual rate in December -- beating expectations of a 260,000 unit reading, said Rosenberg Research.
Bond yields were little changed by Monday's consumer price index data, which did little to change expectations for Bank of Canada policy setting, said CIBC. Headline CPI contracted 0.2% month-over-month non-seasonally adjusted, while rose 0.3% month-over-month seasonally adjusted and 2.4% year over year, with both of those readings slightly above consensus expectations, noted the bank.
Brazil's Finance Minister Fernando Haddad said on Monday that central bank ?Governor Gabriel Galipolo inherited a ?series of problems from ?his predecessor, Roberto Campos ?Neto, including ?issues tied to the recently liquidated ?lender Banco ?Master.
A "slightly hotter-than-anticipated" headline Canadian CPI print for December "masks a cooling in underlying inflationary pressures", said Royce Mendes at Desjardins on Monday. According to Mendes, Desjardins continues to believe inflationary pressures are "tame enough" for the Bank of Canada to place less weight on the upside risks to consumer prices.
Canadian inflation was a little stronger than expected in December, although not by enough to concern the Bank of Canada, said CIBC after Monday's release of the consumer price index. Headline CPI was -0.2% month over month on a non-seasonally adjusted basis, or +0.3% seasonally adjusted and 2.4% year over year, with both of those readings slightly above consensus expectations.
The Canadian consumer price index rose 2.4% on a year-over-year basis in December, following a 2.2% increase in November, said the country's statistical agency on Monday. December's CPI was higher than the 2.2% year over year consensus provided by MUFG.
The Bank of Canada's Business Outlook Survey and the country's consumer price index inflation data are both out on Monday, said TD. Consensus expectations are for inflation to soften on a month-on-month basis, while remaining steady year-on-year, noted the bank. This report is unlikely to move the needle for the BoC and TD expects it to remain on hold for the time being.
Canada will refresh the consumer price index figures for December at 8:30 a.m. E.T. on Monday, said Scotiabank. The signal that the Bank of Canada is on hold for an extended period is clearly communicated, noted Scotiabank. Consensus is looking for a 0.3% month-over-motn seasonally unadjusted dip in CPI as per the polling convention, stated the bank.
It's a data-filled week for Canada after the recent run of indicators left much to be desired, said Bank of Montreal. Monday at 8:30 a.m. ET, consumer price index inflation looks to fall month-over-month, thanks in part to a plunge in gasoline prices in December, noted the bank.
Canada is scheduled to publish the consumer price index data for December at 8:30 a.m. ET on Monday, said National Bank of Canada. In Canada, the main event will be the publication of the CPI for December, noted the bank. The drop in gasoline prices could translate into a 0.6% month-over-month decrease in headline inflation during the month not seasonally adjusted, stated National Bank.
Canada will release the consumer price index data for December at 8:30 a.m. ET on Monday, said RBC. The bank expects headline inflation to trend broadly sideways in December, matching the 2.2% year-over-year in November. An 8% drop in December gasoline prices should push energy prices further below a year ago, pointed out the bank.
The Reserve Bank of India is urging the government to put a plan to link BRICS nations' central bank digital currencies on the agenda for the 2026 summit it will host.
The most consequential test of the Federal Reserve's independence in more than a century of existence comes before the U.S. Supreme Court this week, with the focus on whether the justices will shield the world's most important central bank from political influence, as Congress intended, or allow President Donald Trump to clean house as he sees fit.
* US Supreme Court to hear Trump's case against Fed Governor Cook. * Ruling could impact Fed's independence from political influence. * Analysts fear central bank's political insulation could be weakened. By Howard Schneider.
Euro zone finance ministers aim to nominate on Monday a successor to European Central Bank Vice President Luis de Guindos, whose term expires at the end of May, with six candidates vying for the ?job. The six are Portugal's Mario Centeno, Latvia's Martins Kazaks, Estonia's Madis Muller, Finland's Olli ?Rehn, Lithuania's Rimantas Sadzius and Croatia's Boris Vujcic.
Private equity firm Everstone will sell its entire 11.26% stake in Burger King's India and Indonesia franchisee Restaurant Brands Asia, ?as part of a deal to be announced on Tuesday, two people ?with direct knowledge of the matter said. Everstone Capital's stake, ?through its investment vehicle QSR Asia Pte ?Ltd, is valued ?at $57 million currently, according to Refinitiv data.
The International Monetary Fund again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to U.S. tariffs that have eased in recent months and a continued AI investment boom that has fueled asset wealth and expectations of productivity gains.
The International Monetary Fund on Monday slightly revised up Japan's economic growth forecast for 2026, reflecting a boost from the ?government's fiscal stimulus package. Japan's economy will likely expand 0.7% ?this year, the IMF said in an updated ?World Economic Outlook, up 0.1 ?percentage point from ?its previous forecast but slower than a 1.1% ?increase in 2025.
* IMF forecasts 2026 global GDP growth at 3.3% even with stronger 2025 performance. * AI investment, tax breaks and lower tariffs fuel US growth upgrade-IMF. * IMF sees downside risks from trade flareups, AI-driven market correction. * By David Lawder.
The International Monetary Fund revised its estimate for 2026 global growth higher in its most recent World Economic Outlook released on Monday, now matching the pace seen in 2024 and 2025. Most regions saw upward adjustments for 2026 but few changes to forecasts for 2027. "This steady performance on the surface results from the balancing of divergent forces," the IMF said.
Schneider Electric, a global energy technology leader, announces its participation in the World Economic Forum Annual Meeting in Davos, Switzerland. ?It is clear we have entered a new era where AI and energy are inseparable, and together, they will reshape every business,? said Olivier Blum, CEO of Schneider Electric. ?AI requires compute, and compute requires energy.
U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.
Indonesian President Prabowo Subianto has nominated his nephew to join the central bank's board of governors, his spokesperson said, amid growing concern about its independence as the government seeks more support for ambitious economic targets.
The rise of artificial intelligence continues to accelerate, with relentless demand now deepening the global memory chip shortage. In addition, we now have the Federal Reserve actively tracking AI's contribution to GDP growth. And when it comes to the advisory office, AI is there too.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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