Canada Macro Daily(Beta Mode)
CAD Strengthens, Yields Rise
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P/TSX | 34,052.20 | -0.30% |
| USD/CAD | 1.37 | -0.43% |
| EUR/CAD | 1.61 | -0.51% |
| WTI Crude | 87.81 | -7.27% |
| Natural Gas | 2.68 | +1.40% |
| Gold | 4,814.90 | +0.62% |
| Brent Crude | 96.25 | -3.16% |
| Bitcoin | 75,508.02 | +0.47% |
| Canada 2Y Govt Yield | 2.26% | +0.44% |
| Canada 10Y Govt Yield | 3.44% | +4.61% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Canada Short-Term Rates | Type: macro_line | Short-Term Rate %: 2.26 (2026-03-01) | Range: 0.1604–5.026 | Trend(6pt): 0.1809,2.037,4.992,3.765,2.25,2.26 | 10Y Yield %: 3.44 (2026-03-01) | Range: 1.192–4.062 | Trend(6pt): 1.524,3.043,3.816,3.279,3.396,3.44
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Housing Starts Level | 250,900 | 255,000 | 04:15 |
- Canadian dollar gains on risk-on mood, USD/CAD down 0.43% to 1.37.
- Government bond yields climb, with 10Y up 4.61% to 3.44%.
- TSX slips 0.30% to 34,052.20 amid mixed sectors and commodity volatility.
Yesterday's Recap
Canadian markets ended mixed, with the S&P/TSX down 0.30% at 34,052.20, weighed by tech and materials but supported by energy despite commodity swings. USD/CAD fell 0.43% to 1.37 as risk appetite lifted the loonie, while EUR/CAD declined 0.51% to 1.61. WTI Crude dropped 7.27% to 87.81 amid global supply concerns, offset by Natural Gas up 1.40% to 2.68 on demand outlooks.
Gold rose 0.62% to 4,814.90 as a safe haven, Brent Crude fell 3.16% to 96.25, and Bitcoin gained 0.47% to 75,508.02. Yields increased, with the 2Y at 2.26% (+0.44%) and 10Y at 3.44% (+4.61%), reflecting repricing on growth views. No key data emerged, but sentiment drew from unemployment stability and trade talks.
Equities showed caution, with CAD benefiting from USD softness.
The Day Ahead
Housing Starts release at 04:15 ET, consensus 255,000 vs. previous 250,900, providing views on housing amid elevated rates. A beat could bolster CAD and indicate resilience, affecting BoC expectations.
No other Canadian events listed, though markets watch for commodity impacts, given export ties. Traders monitor USD/CAD around the data. Focus includes potential US influences on flows.
Other Economic Notes
Unemployment held steady with slight hiring gains, signaling labor resilience despite growth challenges. US trade discussions push for broader pacts, focusing on autos and resources. RBC's 2025 sustainability report highlights banking ESG shifts under regulations.
DraftKings plans Alberta sportsbook launch, expanding gaming access.
Global Macro News
CAD strengthened on risk-on sentiment pressuring USD, despite WTI Crude's 7.27% drop to 87.81 and Brent's 3.16% decline to 96.25. News noted oil surge support for CAD, but data shows declines amid Middle East risks. Fed seen as sidelined, narrowing policy gaps and aiding CAD.
BoE and ECB holds lift global yields, contributing to Canadian 10Y rise to 3.44%. China's data softness hits commodities, pressuring TSX. Brazil's activity beat despite high rates parallels Canada's outlook.
Peru's bank cautions on premature hikes amid conflicts, echoing BoC caution. Overall, USD weakness drove CAD gains.
