GMTAuthor: Adam Button

3

Highlights of the Bank of Canada's Q3 2018 business outlook survey

  • Prior future sales were +6%
  • Widespread reports of better sales indicators for domestic and foreign customers
  • Capacity pressure fell slightly but pressures remain elevated
  • Labor shortage indicators point to tighter labor market, firms say shortages more intense
  • Investment intentions rebound to high level
  • All interviews conducted before USMCA trade deal
  • Majority see strong US demand in coming year
  • Firms expect input and output prices to grow at faster pace
  • Full report

Survey data:

  • Overall business outlook survey 2.8 vs 3.1 prior
  • Investment intentions +33 vs +17 prior
  • Hiring plans +39 vs +51 prior
  • Capacity pressures +56 vs +57 prior
  • Labor shortage +37 vs +34

Separately, the senior loan officer survey was at -10.9 from -8.9.

Overall, these are bullish headlines for the Canadian dollar. The BOC has been waiting for this kind of jump in investment. The critical deal is that this was before the NAFTA deal, so it's only going to improve.
ForexLive

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Mon 15 Oct 2018 13:55:11 GMT

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Yellen: Thinks 3% growth is terrific but doesn't think it can last

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Mon 15 Oct 2018 13:55:11 GMT
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Mon 15 Oct 2018 08:41:44 GMT

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Mon 15 Oct 2018 08:41:44 GMT
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Mon 15 Oct 2018 04:25:35 GMT

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Mon 15 Oct 2018 04:25:35 GMT
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Comments by RBA board member Ian Harper in an interview with WSJ - Economy is strong - Any near-term rise in interest rates would spook consumers - Currently in a time of soft wages growth and falling house prices ForexLive

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Mon 15 Oct 2018 01:29:39 GMT

New Zealand bank warn of a looming rate cut from the RBNZ

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New Zealand bank warn of a looming rate cut from the RBNZ


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Mon 15 Oct 2018 01:29:39 GMT
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From ASB's weekly outlook, an interesting tidbit on the RBNZ ASB lead into the piece with this: Abd then warn (bolding mine) We get NZ inflation data for Q3 at 2145GMT on 15 October 2018 

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Mon 15 Oct 2018 01:22:48 GMT

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Mon 15 Oct 2018 01:22:48 GMT
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Mon 15 Oct 2018 01:16:21 GMT

PBOC sets USD/ CNY reference rate for Monday at 6.9154 (vs. Friday at 6.9120)

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Mon 15 Oct 2018 01:16:21 GMT
Category: Central Banks
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Over the weekend PBOC Governor Yi Gang said on the currency: On Friday CFETS set the yuan at 92.38 against its basket index - From 92.35 the previous  The Bank conducts no open market operations today

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Mon 15 Oct 2018 00:05:21 GMT

The Reserve Bank of Australia and its 'glass half full approach'

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Mon 15 Oct 2018 00:05:21 GMT
Category: Central Banks
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Here is RBC on the RBA, canvassing the positives and negatives for the Australian economy and monetary policy    Its not too bad indeed for a really brief a summary:

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Sun 14 Oct 2018 21:52:46 GMT

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Weekend Kuroda comments - indicates BOJ easing to remain in place

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Sun 14 Oct 2018 21:52:46 GMT
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Bank of Japan Governor Kuroda spoke from Bali over the weekend. he had plenty to say on Fed policy. - steady Fed interest hikes basically good for the global economy - showed US economy strong Surf's up!

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Sun 14 Oct 2018 21:46:42 GMT

Weekend - PBOC Gov Yi Gang said will not use yuan devaluation in trade war

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Sun 14 Oct 2018 21:46:42 GMT
Category: Central Banks
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People's Bank of China Governor Yi Gang spoke in Bali over the weekend and also gave an interview to Bloomberg - Yuan is at a "reasonable and equilibrium level", is relatively stable

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Sun 14 Oct 2018 21:23:28 GMT

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ECB weekend comments - Villeroy says wants to keep QE options open

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Sun 14 Oct 2018 21:23:28 GMT
Category: Central Banks
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Francois Villeroy de Galhau is Governor of the Bank of France and thus a member of the European Central Bank policy board (Governing Council) Speaking over the weekend from Bali (IMF conference has been going on there) 

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Fri 12 Oct 2018 18:11:50 GMT

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Fed's Evans: Inflation moving to 2.4% wouldn't be a problem

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Fri 12 Oct 2018 18:11:50 GMT
Category: Central Banks
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Fri 12 Oct 2018 16:33:13 GMT

SNB Jordan: The situation in the forex market is still fragile

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Fri 12 Oct 2018 16:33:13 GMT
Category: Central Banks
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Fri 12 Oct 2018 12:36:21 GMT

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Fed's Evans: 'Slightly restrictive' policy makes sense; that may mean 50 bps above neutral

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Fri 12 Oct 2018 12:36:21 GMT
Category: Central Banks
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Fri 12 Oct 2018 11:48:18 GMT

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Fri 12 Oct 2018 11:48:18 GMT
Category: Central Banks
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Fri 12 Oct 2018 08:41:25 GMT

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Fri 12 Oct 2018 08:41:25 GMT
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Fri 12 Oct 2018 03:51:48 GMT

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Fri 12 Oct 2018 03:51:48 GMT
Category: Central Banks
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A senior International Monetary Fund official dragged himself away from a Bali beach long enough to comment on the Bank of Japan  - "too early" to talk about normalising monetary policy in Japan Huh. This even though we know the BOJ is taking tiny little baby steps backing away from extraordinary loose policy. 

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Fri 12 Oct 2018 01:18:13 GMT

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ECB's Weidmann - lower growth rates in world's economy are normalisation

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Fri 12 Oct 2018 01:18:13 GMT
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Fri 12 Oct 2018 01:15:49 GMT

PBOC sets USD/ CNY reference rate for today at 6.9120(vs. yesterday at 6.9098)

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PBOC sets USD/ CNY reference rate for today at 6.9120(vs. yesterday at 6.9098)


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Fri 12 Oct 2018 01:15:49 GMT
Category: Central Banks
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Fri 12 Oct 2018 01:02:33 GMT

More on the Singapore central bank tightening monetary policy - second time this year

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Fri 12 Oct 2018 01:02:33 GMT
Category: Central Banks
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Fri 12 Oct 2018 00:56:05 GMT

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Nouriel Roubini on Trump's Fed bashing, in 2020 he will go berserk

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Fri 12 Oct 2018 00:56:05 GMT
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Fri 12 Oct 2018 00:31:25 GMT

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RBA: Trade tensions, China slowdown could trigger global eco downturn

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Fri 12 Oct 2018 00:31:25 GMT
Category: Central Banks
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Fri 12 Oct 2018 00:05:03 GMT

Singapore MAS monetary policy announcement - slight tightening as expected

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Fri 12 Oct 2018 00:05:03 GMT
Category: Central Banks
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Thu 11 Oct 2018 23:41:48 GMT

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JP Morgan on the Federal Reserve - 'doing the right thing'

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Thu 11 Oct 2018 23:41:48 GMT
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Chair of JP Morgan Jacob Frenkel taking an opposite view of the US President Trump is opposing the Fed hiking rates, calling the bank 'crazy', loco', and says its 'going wild'.

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Thu 11 Oct 2018 22:27:51 GMT

What to expect from the Reserve Bank of Australia's Financial Stability Review

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Eamonn Sheridan
Thu 11 Oct 2018 22:27:51 GMT
Category: Central Banks
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Coming up at 0030GMT from the RBA is their Financial Stability Review (FSR), here is a preview Note, at the same time we get housing loan data, preview here:

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