Market News

The Fed met expectations this afternoon by holding its interest rate at 4.5%, unchanged since December. President Trump’s tariffs, along with retaliatory measures from U.S. trading partners, have weighed on consumer sentiment and have been major contributors to inflationary pressures. The Fed acknowledged rising economic uncertainty, and are seemingly in sit-and-wait mode. In response, officials

The Bank of Canada announced its 7th consecutive rate cut this morning, bringing its overnight rate down to 2.75% from 3.00%. The bank is concerned with the ongoing crisis of President Trump’s tariff threats and the potential damage they would have on the economy. Following Ontario’s Premier Doug Ford’s implementation of 25% tariff on electricity,

Celebrating Women at BendixFX this International Women’s Day 💜🌍📈 At BendixFX, we’re proud to have an incredible team where over 70% of team members are women, driving innovation, excellence, and success in the FX industry. Since 1982, their dedication and expertise have shaped our company’s journey. Today, we celebrate the women of BendixFX and beyond—the

After a rollercoaster week of tariff developments, President Trump announced yesterday another pause on tariffs for Canadian goods, pushing the effective date to April 2nd. This decision followed the brief implementation earlier in the week of a 25% fee on Canadian exports, which was swiftly met with retaliatory measures on tens of billions of dollars

Canada: Retail sales surged 2.5% in December, beating the expected 1.5%. Growth was driven by food & beverage retailers and motor vehicle & parts dealers, though all nine sectors saw gains. Core retail sales rose 2.7% (forecasted 1.7%), giving CAD a boost against major counterparts. However, the key event of the day is BoC Governor

USD is at a two-month low against CAD today, making it a great day for USD buyers to take advantage of the market. This dip follows the latest inflation data, with both CPI and PPI coming in hotter than expected: PPI (Producer Price Index) rose 0.4% MoM, exceeding the 0.3% forecast. CPI (Consumer Price Index)

The threat of an impending trade war eases, at least for 30 days. Following discussions between Trump and Trudeau yesterday, the U.S. president has agreed to delay tariffs for at least 30 days while our countries work on a finalized border security agreement. Several Canadian provinces had prepared for tariff implementation today, having removed American

This morning the Bank of Canada lowered its overnight rate for the sixth consecutive time, reducing the policy rate by 25 basis points to 3% as anticipated. Governor Macklem indicated a shift in the Bank’s approach, moving from a tightening stance to a more accommodative policy aimed at supporting stable economic growth. The Bank plans

In November, Canadian retail sales remained largely unchanged, showing minimal movement overall. However, core retail sales (excluding automobile) fell by 0.7%, with six out of nine subsectors experiencing declines. The food and beverage sector was the biggest contributor to this downturn with sales dropping 1.6%. Following this data the CAD is currently down against nearly

US stock futures surged by over 1%, and the USD dropped 0.45% against a basket of currencies following slightly weaker-than-expected inflation data. The price of goods and services rose 0.4% in December, in line with expectations. But core prices, excluding food and energy, increased by 0.2% month-over-month, below the forecasted 0.3%. Business activity in New