original content: Next week, the Bank of Canada will hold its monetary policy meeting. The market consensus is for an increase in the base interest rate to 3.25%. Analysts at TD Securities expect the Bank of Canada to raise rates by 75 basis points, entering tightening territory. They see little incentive for smaller hikes as […]
Tag: Canada
Canada: S&P Manufacturing PMI falls to 48.7 in August vs. 53.6 expected
Canada’s global manufacturing PMI fell into contraction territory below 50 in August. USD/CAD is holding on to daily gains above 1.3150 after the data. Business activity in Canada’s manufacturing sector contracted in August with the S&P Global Manufacturing PMI falling to 48.7 from 52.5 in July. This reading disappointed market expectations of 53.6 by a […]
Canada: Trudeau condemned the verbal attack received by the deputy prime minister of his government
Canadian Prime Minister Justin Trudeau today condemned the verbal abuse of Deputy Prime Minister and Finance Minister Chrystia Freeland, calling it “extremely disturbing harassment,” noting that it was not an isolated incident. “We’re seeing more and more people in public life, people in positions of responsibility, particularly women and Canadians who come from minorities or […]
Canada: The visit of members of the Canadian Parliament to Taiwan should not be a pretext for tension from Beijing
China should not use a planned visit to Taiwan by members of Canada’s parliament as a pretext for launching either military or economic aggression, a spokesman for Canadian Foreign Minister Melanie Jolie said yesterday. China warned on Tuesday that it would take “drastic measures” if Canada meddles in Taiwan, following news that a delegation of […]
Germany – Canada, (energy) alliance
The results of Solz’s visit to Canada and the “debunking of Zelensky” in the German press. And, isn’t a mask required on government flights? The highlight of Chancellor Olaf Solz and Minister of Economy Robert Habeck’s visit to Canada occurred on the third and final day with the signing of a bilateral agreement on cooperation […]
Canada: Historic agreement with Germany on renewable hydrogen
The governments of Canada and Germany signed a cooperation agreement on the production and transport of renewable (or green) hydrogen yesterday on the second day of German Chancellor Olaf Scholz’s visit to Canada. German Economy Minister Robert Habeck and Canadian Energy Minister Jonathan Wilkinson signed the agreement at a ceremony in Stephensville, Newfoundland, in the […]
Scholz: Canada and its LNG are Germany’s choice for weaning off Russian gas
Germany hopes that Canada’s liquefied natural gas will play a “pivotal role” in the country’s exit from the dominance of Russian gas imports, Chancellor Olaf Scholz said on Tuesday from Toronto, as part of his two-day visit to the North American country. . “As Germany moves rapidly away from Russian energy sources, Canada is our […]
Trudeau to Solz: It is not easy to export LNG to Germany
Canadian Prime Minister Justin Trudeau acknowledged Monday that exporting liquefied natural gas (LNG) to Germany is not easy, even as the European country looks to diversify its sources of supply to reduce its dependence on Russia. At a press conference in Montreal with German Chancellor Olaf Scholz, Trudeau downplayed the possibility of LNG exports from […]
To Canada Soltz and Habeck for climate and energy cooperation
Federal Chancellor Olaf Solz (SPD) and Economy Minister Robert Habeck (Greens) will travel to Canada on Sunday with a delegation of business representatives. Along with Canadian Prime Minister Justin Trudeau, he is scheduled to visit Montreal, Toronto and Stephenville, a coastal city in Newfoundland, through Tuesday. The trip will focus on bilateral cooperation in the […]
Canada: Annual inflation falls from 8.1% to 7.6% in July, in line with expectations
Consumer Price Index rises 0.1% in July. Core inflation accelerates to 0.5%, below expectations. The loonie appreciates modestly across the market after the data. The Consumer’s price index (CPI) rose 0.1% in July in Canada, in line with expectations. In June it had risen 0.3%. LThe annual rate fell from the maximum in 39 years […]