Latest news with #loonie
Bloomberg
30-05-2025
- Business
- Bloomberg
Economists Join Traders as Bets on Canada Interest-Rate Cut Fall
Economists are abandoning their calls for monetary-policy easing in Canada next week as traders price in only a small chance of an interest-rate cut and the nation's output beat all estimates. Canada's so-called loonie rose as much as 0.5% to trade at 1.3740 per US dollar on Friday after gross domestic product for the first three months of the year grew faster than at the end of 2024. Bank of Montreal and Royal Bank of Canada now expect no changes in rates next week, contrary to the cut they saw before.
CBC
21-05-2025
- Business
- CBC
Canadian food prices spike as overall inflation dips
Despite a dip in Canada's overall inflation rate, food prices continue to climb, with some products like beef up roughly 16 per cent. Experts point to a combination of the U.S.-Canada trade war, a weak loonie and North American droughts reducing cattle herds.
Bloomberg
07-05-2025
- Business
- Bloomberg
Traders Most Bullish Loonie Since 2009 as Carney, Trump Meet
Traders in the roughly C$28 billion ($20 billion) derivatives market are the most bullish on the loonie in 15 years as Prime Minister Mark Carney and President Donald Trump met for the first time since Carney won the premiership. One-month risk reversals on the Canadian dollar — a key gauge of trader sentiment based on the spread between call and put options — stand at more than eight basis points in favor of the loonie, the most bullish level versus the currency's US counterpart since late 2009.
