Monex1 Blog

ecent data suggest that Canada’s economy is slowly regaining its footing — and this, in turn, is influencing the path of the Canadian dollar. Here’s a breakdown of where things stand and where markets (and everyday Canadians) might be headed. A Mixed but Stabilizing GDP Picture After a sharp drop in the second quarter of

A Sharp Bounce After the Dip Gold has pulled back up after a recent slide—spot prices rebounded to around US$3,989 per ounce as safe-haven demand kicked in following a bout of global equity weakness. The rebound follows a drop of nearly 2% the prior session, during which gold hit its lowest since late October.  Why the Fluctuation? There

The Bank of Canada (BoC) delivered another quarter-point rate cut this week, lowering its key interest rate to 2.25%. But while the move offers some relief for borrowers, the central bank signaled that this could be the last cut for a while. A Balancing Act Between Growth and Inflation The BoC’s decision comes as Canada’s economy continues to struggle with weak

Yesterday’s inflation report showed Canadian CPI rising 2.4% year-over-year, slightly above market expectations of 2.2%, and just above CIBC’s forecast of 2.3%. While the number came in a bit hotter than expected, it wasn’t enough to completely derail expectations for further rate cuts by the Bank of Canada (BoC). Market Reaction The higher inflation reading weighed on the Canadian stock

The Canadian dollar slid to its weakest level in nearly two weeks on Tuesday, weighed down by widening Canada-U.S. interest rate spreads and signals from the Bank of Canada that it remains focused on supporting the domestic economy. The loonie traded 0.2% lower at 1.3840 against the U.S. dollar, or about 72.25 cents U.S., after

The Bank of Canada has lowered its key interest rate by 25 basis points to 2.5 per cent, a move that comes as trade tensions and global uncertainty continue to weigh on Canada’s economy. The rate cut was widely expected after new inflation data showed consumer prices rising 1.9 per cent in August compared to

The recent surge in gold and silver prices has sparked renewed debate among investors: is this just another short-term rally, or the beginning of a longer structural trend? In a wide-ranging conversation on Seeking Alpha’s Investing Expertspodcast, market commentator Clem Chambers shared his views on why precious metals are moving higher, how geopolitics plays a central role, and

In recent days, many Iranian-Canadians have expressed concern about their bank accounts being closed or frozen. Some even connect this issue to the so-called “snapback mechanism.” But is there really a link? What Is the Snapback Mechanism? The snapback mechanism is part of the 2015 nuclear deal (JCPOA). Under this rule, if Iran fails to

A foreign exchange strategist issued a bearish outlook for the Canadian dollar on Monday, projecting the loonie could slip toward 70 cents against the U.S. dollar as other major currencies gain strength. Dan Tobon, head of G10 FX Strategy at Citi Research, said he doesn’t foresee a sharp collapse but expects factors such as the