FLCA News and Press, Franklin FTSE Canada From 03/28/23

2023-03-28 05:00:00 ET Summary The primary reason why China wants a cease-fire in Ukraine is that the G7 has started sanctioning Chinese companies that do business with Russia. The European Union and Canada’s goals of reducing carbon dioxide emissions can have severe conseq...

2023-03-26 23:55:00 ET Summary The banking crisis and the consequential tightening of financial conditions is a new deflationary shock. It renders the next data highlight in the US, the February PCE deflator, less relevant. The impact on monetary policy expectations will last long...

2023-03-25 07:24:00 ET Summary Why a less hawkish Fed makes the rate road ahead less clear. The difficult balancing act facing the Fed. What the Fed's latest rate hike means for the economy. The recent volatility in the banking sector has put the Federal Rese...

2023-03-22 14:00:00 ET Summary At the last FOMC announcement on February 1st, the Fed hiked base rates by 25 bps. After a decade of using their customer deposits for free, most institutions are unprepared for the rapid repricing. The appetite for loan securitization has dried ...

2023-03-15 14:16:00 ET Summary Systemic risk from SVB collapse. Sold Q1 performance by Canadian banks. But will it last? Despite rising rates, mortgage default rates still holding in Canada. Canada All but one of the Canadian big banks beat street estimat...

2023-03-15 11:30:00 ET Summary All over the world, people are moving cash out of low-yielding bank accounts and into higher-yielding deposits. Shareholder equity and retained earnings (tier-one capital) are the primary funding source for banks. Losses in the sector manifest in...

2023-03-11 01:17:00 ET Summary The Bank of Canada pauses rate hikes, but stands ready to hike again. Why the policy gap between the Fed and the BOC could be trouble for the loonie. Why the jobs market is making the jobs of policy makers so difficult. The Bank...

2023-03-10 08:45:00 ET The unemployment rate in Canada held steady from the previous month at 5% in February of 2023, remaining close to the record-low of 4.9% observed in June and July 2022, and beating market forecasts of 5.1%. 21,800 jobs were added to the Canadian economy in the p...

2023-03-09 16:53:00 ET Summary As US short-term rates have moved above 5 percent, longer-term Treasury bonds have rallied, causing their yields to fall. Even with lagging unemployment rates still near historic lows, households are behind on their debt payments by the most since 20...

2023-03-09 16:51:00 ET Summary Is the Bank of Canada done rate hikes in 2023? What are the implications of Fed Chair Powell's comments on BoC rate policy? What impact could the divergence between BoC and Fed rates have on the loonie? The Bank of Canada keeps ...