October Bank of Canada Decision

The decision awaited from the Bank of Canada on October 25th couldn't be more delicately poised given the global context, the geo-political backdrop, and the evolution of Canada's domestic economy.

In this article, Mohammad Ali discusses topics that frame the global context and look at the Canadian macro-economy and its implications for the domestic Fixed Income markets.

READ ARTICLE

Related Articles

  • August 13, 2025
    After a 43-basis-point tightening over 13 months, Canadian 5-year swap spreads are showing signs of stabilizing, opening up new opportunities in fixed-income markets. This tightening reflects changes in risk appetite, government bond issuance, and mortgage market hedging practices. While economic uncertainties persist, current spread levels suggest a potential for mean reversion, particularly when compared to historical trends. This market development provides tactical entry points for relative value strategies.
    May 20, 2025
    June futures first notice falls on May 30th, with first delivery on June 2nd, 2025. Roll dates from June to September contracts are expected between May 27-29th, with no holiday disruptions. The overnight repo rate stands at 2.75%, projected to decrease by 0.25% by September. For Montréal Exchange fixed income contracts (excluding 30-year), CTD bonds with 2.75-3% coupons incentivize late delivery due to potential carry earnings.