Bank of Nova Scotia

Latest Bank of Nova Scotia News and Updates

  • uploads///Canada overnight rate index
    Macroeconomic Analysis

    Why the rate cut may fuel the housing bubble in Canada

    The Bank of Canada cut its key interest rate. Although the rate cut intends to boost the economy, it’s also fueling the housing bubble.

    By Surbhi Jain
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    Macroeconomic Analysis

    Canadian Dollar Sees Sharp Appreciation, Bank of Canada Keeps Rate Unchanged

    The US dollar and Canadian dollar currency pair, which is inversely related to the Canadian dollar, fell about 1.3% below opening levels on March 9.

    By David Meyer
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    Macroeconomic Analysis

    The widening spread in the Canadian prime and key interest rates

    The “Big Six Banks” in Canada have only reduced their prime rates by 15 basis points. So the spread between the prime and key interest rates is now 0.1%.

    By Surbhi Jain
  • uploads///canada world ranking
    Macroeconomic Analysis

    Canada: 5th-largest oil producer, exposed to concentration risk

    Canada is the world’s fifth-largest oil producer. It produces about 6% of global energy supplies and ranks third in the world in proven oil reserves.

    By Surbhi Jain
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    Consumer

    Lowe’s $2.3 Billion Rona Acquisition: A Fair Price for Growth?

    Lowe’s (LOW), announced that it had entered into a definitive agreement to acquire Canada’s largest home improvement retailer, Rona (RON.TO).

    By Phalguni Soni
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    Macroeconomic Analysis

    Major Takeaways from the Bank of Canada’s Monetary Policy

    The Bank of Canada decided to keep the interest rates unchanged at 0.5% after the monetary policy meeting on July 13.

    By David Meyer
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    Macroeconomic Analysis

    Will Weak Employment Impact the Bank of Canada’s Stance?

    Statistics Canada published the Canadian labor report on the same day as the US non-farm payroll release. The report suggested a fall of 700 jobs in June.

    By David Meyer
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    Company & Industry Overviews

    Emera US Finance Issued the Most High Grade Bonds Last Week

    Yankee bond issuers dominated the primary high grade bond market in the week ended June 10, making up 30.3%, or $10.2 billion, of all issues.

    By Lynn Noah
  • uploads///CAD Inflation Jan
    Macroeconomic Analysis

    Canadian Retail Sales Soared and Inflation Ticked Up

    For December, consumer inflation rose by 1.6%—compared to growth expectations of 1.7% on an annual basis. It rose by 1.4% in the previous month.

    By David Meyer
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    Macroeconomic Analysis

    Canadian Dollar Rallies as Interest Rates Remain Flat at 0.5%

    The US dollar to Canadian dollar (USD/CAD) moved to 1.326 on the back of speculation that the Bank of Canada could go for another rate cut.

    By David Meyer
  • uploads///depreciating loonie  factors
    Macroeconomic Analysis

    3 key factors affecting Canadian currency depreciation

    The availability of easy money leads to currency depreciation, which benefits exporters, but is counterproductive for importers.

    By Surbhi Jain
  • uploads///Canada overnight rate index
    Macroeconomic Analysis

    Economic essentials: The key interest rate and the prime rate

    The key interest rate and the prime rate are central to the Canadian financial system. They key interest drives lending rates at the big banks.

    By Surbhi Jain
  • uploads///inversion in yield curve predicts recession
    Macroeconomic Analysis

    Could Canada’s inverted sovereign yield curve mean recession?

    Canada’s inverted sovereign yield curve could be an indication of an upcoming recession. US yields exhibited similar curves prior to the 2008 recession.

    By Surbhi Jain
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