Market Currents

• Tuesday, October 20, 2009

• 10:49 AM Bank of Canada keeps its overnight rate target at 0.25%, and repeats its conditional commitment to keep it there until the end of Q2 2010. BoC said closing Canada's output gap and reaching its inflation target of 2% won't happen until Q3 2011, one quarter later than its previous forecast. (MW) Loonie's off 1.1%. (ETFs: EWC, FXC) Comment!

• Friday, October 9, 2009

• 09:44 AM Canada reports a surprising net job gains of 30,600 in Sept., compared with the consensus forecast of a 5,000 increase. The jobless rate fell to 8.4%, down for the first time since July 2008. (ETF: EWC) 2 Comments

• Tuesday, January 27, 2009

• 16:21 PM Canada unveils C$40B two-year stimulus program "to cushion individuals and business against the deepening recession and set the stage for a modest recovery in 2010." (ETF: EWC) 1 Comment

• Friday, December 19, 2008

• 07:40 AM Canadian PM Harper eyes a $30B stimulus to jump start the economy. (ETF: EWC). Comment!

• Tuesday, December 9, 2008

• 10:13 AM Bank of Canada cuts its overnight lending rate by a more-than-forecast 0.75% to 1.5%. "The outlook for the world economy has deteriorated significantly and the global recession will be broader and deeper than previously anticipated," it says. (ETF: EWC) Comment!

• Monday, December 1, 2008

• 13:28 PM Canada's (ETF: EWC) economy manages to grow a better-than-expected 1.3% in Q3. For now, it's one of the few major economies that's managed to sidestep recession. Comment!

• Monday, November 10, 2008

• 04:29 AM Bank of Canada's Mark Carney admits a recession is possible in 2009, adding to speculation he may cut interest rates to their lowest levels since 1960. (ETF: EWC) Comment!

• Sunday, September 7, 2008

• 09:24 AM Canada (ETF: EWC) will go to the polls - again - on Oct. 14. Comment!

• Thursday, August 21, 2008

• 09:39 AM Canadian inflation grew at the fastest rate in five years in July (+3.4% Y/Y) on rising fuel prices. Bank of Canada indicated interest rates would remain unchanged for the foreseeable future. (ETF: EWC) Comment!