The Bank of Canada's Business Outlook Survey overall indicator improved slightly in Q4 but remained subdued at -1.78, said TD after Monday's data. The share of firms anticipating a recession eased to 22% from 33% in the previous quarter, noted the bank. Investment intentions improved modestly in Q4.
Canada's headline consumer price index growth rose to 2.4% year over year in December from 2.2% in November, with the increase largely driven by higher indirect taxes, with prior-year levels lowered artificially by a temporary GST/HST holiday in place from mid-December 2024 to mid-February 2025, said RBC.
The Bank of Canada Monday released the Canadian Survey of Consumer Expectations, for the fourth quarter of 2025, highlighting that concerns over high prices and economic uncertainty related to the trade conflict continue to have a negative impact on consumers.
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.
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 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.
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.
US equity indexes slipped, while government bond yields jumped on Friday after reports that National Economic Council Director Kevin Hassett may not be the frontrunner to become the next chair of the Federal Reserve.
US equity indexes closed lower this week amid divergent bank earnings, hot-and-cold inflation data, and the threat to the Federal Reserve's independence from a Department of Justice probe. * The S&P 500 closed at 6,940.01 on Friday versus 6,966.28 a week ago.
Major US equity indexes eased Friday as government bond yields rose after President Donald Trump signaled Kevin Hassett, the National Economic Council director, may remain in his current role and is no longer the frontrunner to become the next chair of the Federal Reserve.
US equity indexes were muted to mixed, while government bond yields jumped ahead of Friday's close after it emerged that National Economic Council Director Kevin Hassett may not be the frontrunner to become the next chair of the Federal Reserve.
Financial stocks were advancing in late Friday trading, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF gained 1.2%. Bitcoin was declining 0.6% to $94,994, and the yield for 10-year US Treasuries climbed 7 basis points to 4.23%. In econom...
Inter, the financial institution serving more than 41 million customers, has received regulatory approval from the Florida Office of Financial Regulation and the Federal Reserve to establish a state?licensed international banking branch in Florida, marking a significant milestone in its international expansion.
The Federal Reserve should keep the door open to interest rate cuts amid a fragile labor market, Vice Chair for Supervision Michelle Bowman said Friday. While the US economy continues to grow at a strong pace, the labor market has become "increasingly more fragile," Bowman said in prepared remarks for delivery in Massachusetts.
Financial stocks were advancing in late afternoon trading Friday, with the NYSE Financial Index adding 0.5% and the State Street Financial Select Sector SPDR ETF up 0.2%. The Philadelphia Housing Index was shedding 0.7%, and the State Street Real Estate Select Sector SPDR ETF gained 1.2%. Bitcoin was declining 0.6% to $94,994, and the yield for 10-year US Treasuries climbed 7 basis points to 4....
According to Avery Shenfeld, in his 'Week Ahead' market call, a 0.4% drop on Monday in the CPI for December would represent a trend-like 0.2% rise in seasonally adjusted terms, and leave the 12-month rate at 2.2%. He said that's "quite favourable" given that there's an upward bias in the 12-month figure because the prior December benefited from a short lived sales tax holiday on items like rest...
US benchmark equity indexes were higher intraday as markets evaluated shifting dynamics in the race to replace Jerome Powell as Federal Reserve chair. The S&P 500 and the Nasdaq Composite were up 0.2% each at 6,956.1 and 23,571.8, respectively, after midday Friday.
Foothill-Eastern Transportation Corridor Agency, one of two toll systems operated by The Transportation Corridor Agencies, received a ratings boost to A3.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each rising 0.7%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF rose 1.1%. Bitcoin was declining 0.9% to $95,117, and the yield for 10-year US Treasuries was rising 5.7 basis points to 4.22%. In e...
A squabble between the U.S. Department of Transportation and the state of Maryland appears to be moving towards a resolution which effects two major bridges in the Washington D.C. ? Baltimore region.
US industrial production increased more than expected in December, led by a rebound in utilities, data from the Federal Reserve showed Friday. Industrial output rose 0.4% last month following a similar, upwardly revised pace of growth in November. Utilities output expanded 2.6% in December following a 0.3% contraction the month before, underpinned by gains in natural gas, the Fed said.
US equity indexes were muted to mixed in midday trading on Friday amid strong gains in government bond yields, as President Donald Trump appeared to signal National Economic Council Director Kevin Hassett may not be the next head of the Federal Reserve.
Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF adding 0.7%. The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was declining 0.6% to $95,049, and the yield for 10-year US Treasuries was rising 6 basis points to 4.22%. I...
Federal Reserve Vice Chair for Supervision Michelle Bowman warned that labor market conditions could weaken further and said the central bank should avoid signaling a pause in monetary policy.
US equity indexes were mixed in midday trading on Friday amid gains in government bond yields. The Nasdaq Composite rose 0.2% to 23,572.2, with the S&P 500 up 0.2% to 6,955.1, while the Dow Jones Industrial Average was little changed at 49,458.6. Materials, utilities, and consumer staples were among the steepest decliners.
Kosmos Energy (KOS) said Friday it has priced $350 million of 11.25% senior secured bonds due 2031 in the Nordic market. Net proceeds will be used to finance the tender offer for up to $250 million of its 7.75% senior notes due 2027, to repay debt, and for general corporate purposes, the firm said. MT Newswires does not provide investment advice.
Canadian housing starts came in at a "robust" 282,400 annualized units in December, marking an 11% month-over-month increase from November's level, said TD. The picture was unchanged on a trend basis, however, with the six-month moving average of starts clocking in at 264,400 units, the bank added.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was up 11% in December at 282,439 units compared with November's 254,625 units, said the Canada Mortgage and Housing Corp. Friday. The rural starts monthly SAAR estimate was 12,271 units, noted CMHC.
The PIMCO U.S. Stocks PLUS Active Bond Exchange-Traded Fund aims to outperform the S&P 500 by combining passive equity1 tracking with PIMCO?s active fixed income expertise2 PIMCO, a global leader in active fixed income with deep expertise across public and private markets, is expanding its exchange-traded fund offerings with the launch of PIMCO U.S. Stocks PLUS Active Bond ETF.
The measure would fund 40,000-plus homes to address the state's persistent supply gap, supporters say. Time is tight to qualify it for the June election.
Canada started 2025 with moderate optimism on the housing market with the expectation it would benefit from the easing in the Bank of Canada policy rate since the summer of 2024, along with the resulting decline in mortgage rates, said Scotiabank. The bank was also expecting economic and income conditions to firm up in 2025, which would have added support to housing demand.
AUO announced today that its Suzhou Fab has been recognized by the World Economic Forum?s Global Lighthouse Network in the Talent category, becoming the first in the global display industry to receive this honor. Paul Peng, Chairman of AUO said: "As manufacturing races ahead in digitalization and workforce transformation, competitiveness hinges on talent and technology advancing together.
Canada's data run isn't that encouraging this week, with housing remaining soft in December, while manufacturing and wholesale volumes were weak in November, said Bank of Montreal. Emphasizing the first theme is an expected decline in December housing starts at 8:15 a.m. ET on Friday, noted the bank.
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.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Log In Required
Publication Date