NZD/CAD

Inflation is a problem in New Zealand. Today’s Consumers Price Index is a strong confirmation of this. Yes, we all know fuel prices are currently the main contributor to households’ cost of living misery, and this will be the focus of most headline writers. But the worrying aspect of today’s data is not the impact of fuel but the depth and breadth of price ...

New Zealand's annual inflation accelerated to 4.1% in the second quarter, above analysts' forecasts and well over the top of the central bank's target range, according to Reuters, as fuel costs drove the bulk of the increase. The consumer price index rose 1.5% from the previous quarter, Statistics New Zealand said, with both figures beating the 4.0% and ...

Today, the United States administration announced its intention to impose a new 50% tariff on a significant number of Canadian goods. This is the latest in a series of unilateral U.S. trade actions that began with the U.S. imposing a series of tariffs in direct violation of the Canada-United States-Mexico Agreement (CUSMA), the free trade agreement between ...

The following table shows the price changes for the June 2026 quarter. tables Within the 1.5 percent rise in the CPI in the June 2026 quarter, higher prices were recorded for: • Petrol, up 20.1 percent (49.5 percent contribution to the 1.5 percent rise for all groups) • Other vehicle fuels and lubricants, up 47.7 percent (16.2 percent contribution to all ...

About a month ago we said that Q2 CPI inflation, due for release tomorrow, looks no higher than RBNZ forecasts. Today we think it will be no lower than RBNZ forecasts. This is not because we have changed our forecasts. To the contrary, our forecast for Q2 annual CPI inflation remains unchanged at 4.1%. Rather it is because the RBNZ changed its view. In the ...

Gregory Daco, chief economist at EY-Parthenon, says he thinks the Federal Reserve won't move on interests rates for the rest of this year. Daco talks about what he wants to see from the new Chairman Kevin Warsh. Daco speaks on "Bloomberg Surveillance."

We’re back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted “forward guidance” the market usually knew what to expect. Warsh does not think “forward guidance” ...

Canadian consumer prices fell a greater-than-expected 0.4% in June, cutting the yearly inflation rate to 2.8% y/y. Note that June usually sees some decline in prices, leaving the seasonally-adjusted monthly change at flat. A 10.2% drop in gasoline prices weighed heavily on the headline, but there was softness elsewhere as well. It wasn't all weakness ...

This release refers to trade in goods only. In June 2026, compared with June 2025: goods exports rose by $1.6 billion (25 percent), to $8.1 billion • goods imports rose by $1.7 billion (28 percent), to $8.1 billion • the monthly trade balance was a surplus of $23 million. charts Goods exports rose by $1.6 billion (25 percent) in June 2026 (to $8.1 ...

F/m Investments’ Washington, D.C., office is just a short drive from the Federal Reserve’s headquarters. But under the central bank’s new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central bank’s forward-looking communication since taking the post in May. That move ...