HEWC News and Press, iShares Currency Hedged MSCI Canada From 03/22/23

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 ...

2023-03-08 21:21:00 ET Summary The Bank of Canada kept rates unchanged at 4.5% today. While BoC acknowledged that the labour market “remains very tight”, it doesn't have the same fears as the Federal Reserve that this will keep inflation pressures elevated. The o...

2023-03-08 09:18:25 ET Canada posted a trade surplus of C$1.92 billion in January of 2023, widening from the revised surplus of C$1.2 billion in the previous month and compared to market expectations of a C$60 million deficit. Total exports jumped by 4.2% over the prior month to C$67 ...

2023-03-08 01:52:00 ET Summary Why recession concerns are fading. The job market continues to show strength, even amid signs of economic weakness. Don't expect lower interest rates anytime soon. After eight consecutive rate hikes, the Bank of Canada is widely...