Canada's Market & Economic Decisions
Market-wide moves on the Toronto Stock Exchange that come from inside Canada rather than from a single company: a Bank of Canada rate decision, a federal budget or trade-policy surprise, or a political shock. On those days most Canadian shares move together whatever the business does, and the Canadian dollar often moves at the same time.
Dated events
- · Bank of Canada cuts its policy rate to 0.75% after the oil price collapse
The central bank lowered its rate by a quarter point, calling the sharp drop in oil prices negative for growth and inflation in Canada. - · Bank of Canada raises its policy rate to 0.75%, its first increase in seven years
The central bank said recent data had strengthened its confidence that the economy was absorbing its spare capacity. - · Canada reaches the USMCA trade deal with the US and Mexico
The new agreement replaced NAFTA after 14 months of talks, agreed just before a midnight deadline. - · Bank of Canada raises its policy rate by a full percentage point to 2.5%
The central bank made a 100 basis point increase to fight inflation and continued shrinking its balance sheet. - · Finance Minister Chrystia Freeland resigns, deepening the government's crisis
The finance minister quit over spending plans and the response to threatened US tariffs, and calls for the prime minister to step down grew.
Assets named in this scenario · 11
Agnico Eagle Mines LimitedBank of MontrealBrookfield CorporationCanadian Imperial Bank of CommerceCanadian Natural Resources LimitedEnbridge Inc.Royal Bank of CanadaShopify Inc.Suncor Energy Inc.The Bank of Nova ScotiaThe Toronto-Dominion Bank
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