Canada Macro Daily(Beta Mode)
BoC Holds Steady Amid Global Risks
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P/TSX | 32,315.85 | -0.21% |
| USD/CAD | 1.38 | +0.59% |
| EUR/CAD | 1.60 | +0.02% |
| WTI Crude | 94.13 | +4.22% |
| Natural Gas | 2.96 | +0.30% |
| Gold | 4,457.40 | -2.03% |
| Brent Crude | 101.61 | -0.60% |
| Bitcoin | 68,843.34 | -3.46% |
| Canada 2Y Govt Yield | 2.25% | +0.00% |
| Canada 10Y Govt Yield | 3.29% | -3.35% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Canada Exports Value | Type: macro_line | Exports $: -3.114 (2025-12-01) | Range: -16.08–68.65 | Trend(5pt): 68.65,24.07,-6.557,-0.6915,-3.114
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Bank of Canada holds policy rate at 2.25%, warning of heightened global economic risks and maintaining a dovish stance versus market pricing.
- Canadian dollar weakens as oil prices ease, pressuring the commodity-linked currency amid soft economic data.
- S&P/TSX dips 0.21% with mixed sectors; pension funds benefit from strong stock performance despite PE challenges.
Yesterday's Recap
Canadian markets ended mixed on March 25, with the S&P/TSX Composite down 0.21% at 32,315.85, weighed by tech and resource weakness despite energy resilience. USD/CAD climbed 0.59% to 1.38, reflecting CAD struggles from declining oil prices and risk aversion. EUR/CAD edged up 0.02% to 1.60.
WTI Crude jumped 4.22% to $94.13 on supply worries, while Brent Crude slipped 0.60% to $101.61, showing oil market splits. Natural Gas rose 0.30% to $2.96 amid inventory data. Gold fell 2.03% to $4,457.40 as safe-haven bids faded.
Bitcoin dropped 3.46% to $68,843.34 in line with crypto volatility. Canada 2Y Government Yield stayed at 2.25% with no change, while the 10Y Yield declined 3.35% to 3.29%, indicating softer policy bets. No major data releases, but reports of Canada's lagging productivity versus the U.S.
since the late 1990s pressured sentiment.
The Day Ahead
March 26 has no scheduled economic events per the FinanceFlow API calendar, pointing to a subdued session. Focus will be on digesting recent news, with potential for unscheduled Bank of Canada remarks amid emphasis on upcoming speeches. Traders may eye global signals, including U.S.
data impacting CAD pairs. Without local drivers, energy prices and equity movements could steer TSX and bond trading. Sentiment may depend on Middle East updates affecting oil.
Anticipate low volatility absent surprises.
Other Economic Notes
Canada's economy trails the U.S., per Statistics Canada, due to slower labour productivity and GDP growth since the late 1990s. Major pension funds reported robust returns from stock portfolios over three years, countering private equity slumps. Housing remains weak with high rates, while U.S.-Canada trade tensions ease via tariff pauses for NAFTA talks.
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