What just happened?

Overview

This marks a fresh escalation in the ongoing US-Canada trade dispute. A deepening tariff fight adds to uncertainty for trade-exposed sectors on both sides of the border.

Updated 11:16 AM

High confidence

09/04, 07:30 PM

Canadian average hourly earnings rose 2% year-on-year in August, below the 2.9% forecast and down from the previous 3.00%.

Affected assets

USDCAD

FinancialJuice

09/04, 07:30 PM

Related updates

FinancialJuice·09/04, 07:30 PM

Canadian employment change came in at -41.7K in the latest reading, versus a forecast of 15K and a previous reading of 75.1K.

Jin10·09/04, 07:20 PM

US August seasonally adjusted nonfarm payrolls, unemployment rate, average hourly earnings (m/m and y/y), and Canada's August employment figures are due for release in ten minutes.

FinancialJuice·09/02, 08:55 PM

Canadian swap market pricing shows roughly a 75% chance of a Bank of Canada rate hike this year, up from 64% before the latest policy announcement.

FinancialJuice·09/02, 08:45 PM

The Bank of Canada said upside risks to inflation have increased.

FinancialJuice·09/02, 08:45 PM

The Bank of Canada held its policy rate at 2.25%, matching both the forecast and previous rate.