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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Wall Street Nervous Ahead of US Inflation Report

 

Shares in Asian markets dipped today as investors anxiously await a crucial U.S. inflation report due on Friday. The report’s findings could significantly impact interest rates and global markets.

Key Points:

  • Focus on Inflation: The U.S. Federal Reserve closely monitors the Personal Consumption Expenditures (PCE) index, a key measure of inflation. Recent mixed data has left investors in a wait-and-see mode, wondering when the central bank might adjust interest rates.

  • Chinese Property Market: Efforts to revive China’s property sector have fallen short. Despite Beijing’s measures to cut down-payment ratios and mortgage interest rates, the market remains sluggish. Dozens of property developers defaulted on debts, affecting the entire Chinese economy.

  • Wall Street’s Reaction: Wall Street is cautious, with the Hang Seng down 2% and the Shanghai composite index slipping 0.6%. Investors worldwide are closely monitoring the inflation report’s impact.



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