CANADA: Politics Week:Carney Takes Lead Into Liberal Leadership Debate

Feb-20 16:46
  • Liberal leadership debates are in Montreal in French and English on Feb 24 and 25. Leadership will be decided on March 9.
  • Carney has the support of the most top Liberal lawmakers and a fundraising lead over former finance minister Freeland. Carney has said if he wins he may call an election before Parliament is due to resume March 24, depending in part on the situation around Donald Trump's tariff threats.
  • Polling aggregator 338Canada shows Conservatives led by Pierre Poilievre are likely to win a majority government if an election were held now. Election is due in October under a traditional four-year mandate. Opposition parties have signaled they will combine to pass a non-confidence motion as soon as possible to force an early campaign.
  • Most recent polls suggest Liberals/Carney are closing the polling gap with Poilievre as the focus shifts to a trade war. Poilievre is also viewed unfavorably by a majority of Canadians in this poll.    
  • Ontario, Canada's richest and most populous province, has an election on Feb 27. Progressive Conservative Doug Ford  is projected to win another majority pledging a tough fight against U.S. tariffs including cutting off electricity shipments.
  • Sample headlines: Carney leads in fundraising as Freeland says numbers don't 'tell the whole story' (CBC); Poilievre excelled at taking people down. Can he lift people up? (Toronto Star).

Historical bullets

OPTIONS: Larger FX Option Pipeline

Jan-21 16:45
  • EUR/USD: Jan23 $1.0295-00(E2.7bln), $1.0400(E1.8bln), $1.0435-40(E1.0bln); Jan24 $1.0350(E1.4bln)
  • USD/JPY: Jan23 Y155.00($1.6bln); Jan27 Y155.95-00($1.3bln)
  • AUD/USD: Jan23 $0.6200-05(A$1.8bln), $0.6300(A$1.0bln)
  • NZD/USD: Jan23 $0.5660-75(N$1.0bln)
  • USD/CAD: Jan23 C$1.4450($1.1bln); Jan24 C$1.4380($1.4bln), C$1.4500($1.6bln)
  • USD/CNY: Jan23 Cny7.5000($1.9bln); Jan24 Cny7.4500($1.4bln); Jan27 Cny7.6000($2.1bln)

FED: US TSY 26W BILL AUCTION: HIGH 4.165%(ALLOT 18.06%)

Jan-21 16:32
  • US TSY 26W BILL AUCTION: HIGH 4.165%(ALLOT 18.06%)
  • US TSY 26W BILL AUCTION: DEALERS TAKE 24.98% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: DIRECTS TAKE 12.82% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: INDIRECTS TAKE 62.21% OF COMPETITIVES
  • US TSY 26W BILL AUCTION: BID/CVR 3.04

FED: US TSY 13W BILL AUCTION: HIGH 4.215%(ALLOT 52.69%)

Jan-21 16:32
  • US TSY 13W BILL AUCTION: HIGH 4.215%(ALLOT 52.69%)
  • US TSY 13W BILL AUCTION: DEALERS TAKE 37.88% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: DIRECTS TAKE 6.93% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: INDIRECTS TAKE 55.19% OF COMPETITIVES
  • US TSY 13W BILL AUCTION: BID/CVR 2.80