Geopolitics Alpha

The BoC Hikes Interest Rates for the First Time Since 2023

Published . Updated .

GEOPOLITICS ALPHAThe BoC Hikes Interest Rates forthe First Time Since 2023GEOPOLITICS ALPHA

This report is about Canada.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWC iShares MSCI Canada ETF+2.0% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“boc”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Canada

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Canada

  • RY Royal Bank of Canada

    Royal Bank of Canada (commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.

  • BNS The Bank of Nova Scotia

    The Bank of Nova Scotia (state commercial banks) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.

  • ENB Enbridge+2.2% 30d

    Enbridge (pipe lines (no natural gas)) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.

  • SU Suncor Energy

    Suncor Energy (petroleum refining) is one of the largest Canada-based companies traded in the US, so news about Canada (“boc”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWCPrices arriving within minutes———after closeafter closeafter closeafter close
BWXPrices arriving within minutes———after closeafter closeafter closeafter close
EFAPrices arriving within minutes———after closeafter closeafter closeafter close
RYPrices arriving within minutes———after closeafter closeafter closeafter close
BNSPrices arriving within minutes———after closeafter closeafter closeafter close
ENBPrices arriving within minutes———after closeafter closeafter closeafter close
SUPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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The BoC Hikes Interest Rates for the First Time Since 2023 https://www.readthepeak.com/

Source: https://www.readthepeak.com/

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “The BoC Hikes Interest Rates for the First Time Since 2023” looks

12 out of 100

“The BoC Hikes Interest Rates for the First Time Since 2023” scores 12 out of 100. The score uses 1 sources.