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Scotiabank's research emphasizes a complex global landscape defined by geopolitical volatility and diverging monetary policy paths, particularly between the Fed and the Bank of Canada. In the Canadian market, analysts are focused on rising industrial producer prices and an expected 1% monthly surge in April CPI driven by energy costs, which may influence imminent central bank decisions. Despite near-term CAD weakness breaching the 1.3800 level against the USD, Scotiabank maintains a medium-term bearish outlook on the Greenback as the DXY index shows signs of consolidation. Geopolitical tensions in the Middle East remain a critical factor, contributing to global bond sell-offs and pressuring net oil importers like Japan. In emerging markets, Scotiabank notes that Banxico has officially ended its easing cycle at 6.50%, balancing a sharp domestic GDP contraction against persistent service-sector inflation. Finally, the research highlights skepticism regarding US labor market data, suggesting that the BLS Birth-Death model may be overstating job gains and setting the stage for significant negative revisions later this year.

87 reports available

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Daily Points

Scotiabank·Jul 2, 2026

Scotiabank provides a daily market analysis focused on the upcoming US nonfarm payrolls report, with a house call of 90k. The report also highlights Fed Chair Warsh's dovish rhetoric and ongoing challenges in US gasoline pricing.

Daily Points thumbnail

Daily Points

Scotiabank·Jun 29, 2026

This report provides a market overview ahead of key economic data releases, including US nonfarm payrolls and Canadian GDP. It highlights rising geopolitical tensions and central bank communications as major market themes.

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FOMC Recap

Scotiabank·Jun 17, 2026

The FOMC held rates steady at 3.75% while signaling a hawkish, data-dependent shift under new Chair Kevin Warsh. The introduction of five taskforces to review monetary policy frameworks has introduced significant market uncertainty and volatility.

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The Global Week Ahead

Scotiabank·Jun 18, 2026

This report warns that inflation risks remain elevated in Canada, the US, Japan, and Australia, despite recent declines in commodity prices. It highlights that central bank policies are currently in a transition or holding phase amid ongoing geopolitical and supply-chain pressures.

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Canadian Home Sales

Scotiabank·Jun 16, 2026

National housing sales experienced a significant increase in May 2026, marking a partial recovery from the prior six-month slump. Despite this, the MLS House Price Index remains in a downward trend as the market balances.

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Global Economics Daily Points

Scotiabank·Jun 17, 2026

Scotiabank's daily update highlights market caution ahead of the FOMC meeting and US retail sales. It also notes cooling UK inflation and upcoming policy decisions from the Riksbank and Brazil's central bank.

BoE Keeps Options Open, but Looks Set to Hold Steady

Scotiabank·Jun 18, 2026

Latam Daily: BCCh Decision and MPR Recap

Scotiabank·Jun 18, 2026

ECB Hikes and Will Again Soon

Scotiabank·Jun 11, 2026

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