Federal Reserve Governor Michael Barr said on Tuesday that another central bank interest rate cut could come somewhere well down the road amid ongoing risks to the U.S. inflation outlook.
Foundation Communities? Juniper Creek to Provide Housing and Support Services. Foundation Communities celebrated the grand opening of Juniper Creek, a new 110-unit family supportive housing development, made possible in part by a $1.75 million Affordable Housing Program grant from the Federal Home Loan Bank of Dallas awarded in 2025 through member Wells Fargo.
The Canadian provincial 2026 budget season kicks off on Tuesday on the West Coast with British Columbia, said Scotiabank. Ongoing economic uncertainty and modest growth suggest continued pressures on provincial budgets, especially for those governments that have not delivered on planned expenditure restraint and/or are impacted by lower oil prices, wrote the bank in a note to clients.
The Reserve Rank of New Zealand will hold its first policy meeting of 2026 this week, said MUFG. The RBNZ is scheduled to release its policy statement at 8 p.m. ET on Tuesday. The central bank is widely expected to leave the OCR on hold, having delivered what was signaled to be the final rate cut of the easing cycle in November, stated MUFG.
The Toronto Stock Exchange is down 260 points at midday, with commodities posting the biggest losses. Miners is down 3.4%, followed by energy, down 1.3%. The biggest gainers are industrials, and utilities, up 1.2% and 0.7%, respectively. StatsCan reported CPI rose 2.3% y/y in January, edging down from a 2.4% rise in December.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest since February 6 at 1.3692. * Inflation slows to 2.3% in January. * 10-year yield hits a 2-1/2-month low. By Fergal Smith.
Core measures of Canada's January's consumer price index inflation were soft again last month, said Scotiabank after Tuesday's CPI data. Markets reacted by driving a slight decline in Canadian government bond yields, including about a 2bps drop in the 2s yield, and a mild depreciation of the Canadian dollar of about a quarter of a cent to the US dollar, noted the bank.
Canadian inflation data started the year on a positive note with annual inflation at 2.3%, while economists had generally expected 2.4%, said National Bank after Tuesday's release of the January Consumer Price Index.
BNY Mellon Investment Adviser, Inc. announced changes to the portfolio management teams for BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM), BNY Mellon Strategic Municipals, Inc. (LEO) and BNY Mellon Municipal Bond Infrastructure Fund, Inc.. Each Fund is sub-advised by Insight North America LLC, an affiliate of BNY Mellon Investment Adviser, Inc. Effective February 17, 2026, Daniel Rabasco will no lon...
The tick lower in Canada's headline consumer price index year-over-year rate to 2.3% in January from 2.4% in December was despite tax-related distortions that biased the measure higher with after-tax prices this year measured against tax-exempt prices a year ago during the temporary 2024/2025 GST/HST tax holiday, said RBC.
* German Bund yield drops as bonds rally globally. * US Treasury yield falls after soft inflation data and AI worries. * Analysts suggest bond rally may be nearing its limit.
The U.S. Federal Reserve could approve "several more" interest rate cuts this year if inflation resumes a decline to the central bank's 2% target, Chicago Fed President Austan Goolsbee said on Tuesday, downplaying a recent weak consumer price report as masking strong service price increases.
CED Calls for a Fiscal Commission to Address Debt Crisis NEW YORK, Feb. 17, 2026 With the US national debt now exceeding $38 trillion and projected to rise sharply in the coming decades, the nation faces a mounting fiscal crisis that threatens economic growth, retirement security, and the nation's global leadership.
Canadian consumer prices stuck the landing below expectations in January, holding steady from the prior month, or up a modest 0.1% month over month in seasonally adjusted terms, said Bank of Montreal after Tuesday's CPI data. That was mild enough to shave the annual inflation rate by a tick to 2.3%, keeping it just below the United States pace of 2.4%, noted the bank.
* * Traders expect Fed rate cuts amid improving inflation data. * Geopolitical risks include US-Iran nuclear talks. By Karen Brettell. U.S. Treasury yields were mixed on Tuesday, after two-year yields earlier reached a four-month low on weaker ?British economic data, as traders continued to evaluate the likely ?path of Federal Reserve policy.
U.S. homebuilder sentiment deteriorated in February, weighed down by persistently high land and construction costs as well as still-elevated house prices relative to incomes that are keeping prospective buyers on the ?sidelines, a survey showed on Tuesday.
Senior executives from 23 leading shipping companies will participate on panels and presentations at the ?20th Annual Capital Link International Shipping Forum? on Monday, March 9, 2026, at the Metropolitan Club in New York City. The event is organized in cooperation with NASDAQ & NYSE.
Canadian headline consumer price index inflation cooled a tick in January to 2.3% year over year, or one-tenth lower than consensus expectations, said TD after Tuesday's CPI data. Even so, inflation was boosted by comparison with lower prices during the federal government's temporary sales tax holiday from mid-December 2024 to mid-February 2025, noted the bank.
Canadian central bankers have been "too concerned about upside risks to inflation", Desjardins reiterated Tuesday, after the release of related data for January. "It's clear now that the Governing Council should be squarely focused on supporting the economy. Mendes noted market participants are now pricing in almost a 40% chance of a rate cut by mid-year.
In looking at the rest of the week ahead, now that the key focus, the latest inflation data, is already out today, National Bank noted the Canadian December retail sales report will be closely watched on Friday. Judging by earlier auto sales data, which showed an increase during the month, spending at car dealerships is likely to have had a positive impact on the headline figure, the bank said.
The Canadian consumer price index rose 2.3% on a year-over-year basis in January, following a 2.4% increase in December, said the country's statistical agency on Tuesday. January's CPI was lower than the 2.4% year-over-year consensus figure provided by MUFG.
* * Consumer price index unchanged on monthly basis in January. * Core measures of inflation and shelter costs continue to ease. By Promit Mukherjee. Canada's annual inflation rate in January accelerated at a slower pace than ?the previous month as a big drop in gasoline prices helped ?cushion the impact of higher food and clothing prices, Statistics Canada said on Tuesday.
ROSELAND, N.J., Feb. 17, 2026 For the four weeks ending January 31, 2026, U.S. private employers added an average of 10,250 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report?.?. It was the third straight week of strengthening job gains. The?NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average.
Canada will update one of two consumer price index readings before the next Bank of Canada decision on March 18 at 8:30 a.m. ET on Tuesday, said Scotiabank. January's reading is expected to be up by only 0.1% month-over-month non-seasonally adjusted and unchanged at 2.4% year over yeary, noted the bank. Key will be the various core readings, stated Scotiabank.
The muni market produced $586.195 billion of debt issuance in 2025, up 14.1% from the previous record of $513.652 billion in 2024, according to LSEG data.
Builders FirstSource (BLDR) forecast annual profit margin below Wall Street estimates on Tuesday, as continued weakness in housing construction and affordability ?constraints weighed on its business. Softening ?demand across key property segments and lingering oversupply in areas ?like multifamily segment continue to squeeze Builders FirstSource's (BLDR) operating ?performance.
The US dollar rose against its major trading partners early Tuesday after the long holiday weekend, except for a decline versus the yen, as markets focus on release of the minutes of the Jan. 27-28 Federal Open Market Committee meeting Wednesday and the first look at Q4 gross domestic product data Friday.
The main macroeconomic event in Canada this week will be the publication of the consumer price Index for January at 8:30 a.m. ET on Tuesday, said National Bank of Canada. The slight increase in gasoline prices during the month was probably not enough to move the needle, and the headline index likely remained unchanged, noted the bank.
* Barclays sees dollar/yen fair value at 140, near-term target at 150. * Dollar on hold against euro before US data, Fed minutes. * Pound drops after data shows unemployment rate rising to five-year high. By Stefano Rebaudo.
Bank of Montreal said that Canada will release the consumer price index for January at 8:30 a.m. ET on Tuesday. CPI likely rose "modestly" in January, with energy prices climbing, noted the bank. Core inflation is expected to be flat to lower, continuing the decelerating trend in place over the prior few months, stated the bank. On Friday, investors will get a pulse-check on Canadian consumers.
* Economic sentiment indicator falls to 58.3, below expectations. * Government spending boosts recovery, but challenges remain. * Structural challenges persist, impacting industry and private investment. By Maria Martinez.
Tuesday's Consumer Price Index report for January should show a tick higher in Canadian headline inflation to 2.6% year over year, largely due to tax-related distortions -- the prior year's GST/HST holiday wasn't repeated this year -- alongside still elevated grocery price growth, said RBC. Canada is slated to release January's CPI at 8:30 a.m. ET on Tuesday.
Fiscal risks in the United Kingdom have receded somewhat with the prospects of easing inflation and Bank of England rate cuts helping restore confidence to the Gilt market, which has eased fiscal sustainability risks, said MUFG. The U.K. jobs data released Tuesday, in the bank's view, reinforces the prospect of a rate cut at the next meeting on March 19.
US equity investors will focus on factors that could help weaken the so-called artificial intelligence-scare trade, including the Federal Reserve's preferred inflation data and speeches from central bank heavyweights, as well as the strength of the economy. * About 55 S&P 500 firms will likely report Q4 results this week, according to a D.A. Davidson note.
Kevin Warsh, nominated to lead the Federal Reserve, may want a smaller central bank balance sheet, but he's unlikely to get it absent major tinkering with the financial system, and even then, it might not be possible. That's because the system the Fed now uses to achieve its monetary policy goals depends on the banking system holding large amounts of money.
The economic indicators for the U.S. and Europe due to be released are likely to give the commodity markets a boost, keeping sentiment on the markets for cyclical commodities fundamentally positive, Commerzbank said in a Friday note.
* EM stocks and currencies flat. * S. Africa unemployment rate falls to 31.4% in Q4. * Romania's monetary policy decision due later. By Pranav Kashyap. Most emerging market stocks and currencies were little changed on Tuesday in a holiday-thinned week, with attention turning to Romania's interest-rate decision later in ?the day.
* DIHK forecasts 1% GDP growth in 2026. * Business climate index rises modestly. * Exports expectations offer some hope. By Maria Martinez. BERLIN, Feb 17 - Germany's economy is expected to grow by 1% ?this year, slightly more than previously forecast, but reforms need ?to be implemented to achieve a sustainable recovery, the German Chamber of Industry and Commerce said on Tuesday.
* Barclays sees dollar/yen fair value at 140, near-term target at 150. * Dollar on hold against euro before US data, Fed minutes. * Pound drops after data shows unemployment rate rising to five-year high. By Stefano Rebaudo and Rocky Swift.
The pound dropped on Tuesday after data showed Britain's unemployment rate rose to a five-year high in December while wage growth cooled, potentially adding to the case for further Bank of England ?rate cuts. The pound also fell against the ?euro, with the single currency up 0.34% at 87.27 pence.
RIGA, Latvia, Feb. 17, 2026 Mintos, a European multi-asset investment platform, has taken a major step in its long-term strategy by initiating the process to pursue a banking licence from the European Central Bank.
The pound fell on Tuesday after data showed Britain's unemployment ?rate rose in December while ?wage growth slowed more than expected, ?potentially adding to the case for ?further Bank of England ?rate ?cuts. Sterling was last down 0.29% against the ?dollar at $1.359, ?having traded at $1.3613 before the figures were released.
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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