Canada’s merchandise trade surplus notched its fourth consecutive month in black ink. However, November’s surplus narrowed to $1.6 billion as imports rose and exports edged lower. This comes after October’s surplus was revised upward to $3.2 billion. Exports fell slightly by 0.6% month-on-month (m/m) in November, the first decline in four months. The contribution to […]
We expect the Bank of Canada interest rate decision on Wednesday will be a very close call as our base case forecast assumes it will forego a rate cut for the first time since April 2024, but U.S. trade risks could still easily tilt odds towards a seventh consecutive cut. Outside of tariff risks, backward […]
The post Bank of Canada’s Interest Rate Decision Will be a Tough Call appeared first on Action Forex.
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