FINWIRES · TerminalLIVE
FINWIRES

Scotiabank Previews This Week's Bank of Canada Policy Meeting

By

-- The Bank of Canada will deliver its latest policy statement, a fresh Monetary Policy Report (MPR) including updated projections, and Governor Tiff Macklem's written opening remarks to his press conference at 9:45 a.m ET on Wednesday, said Scotiabank.

This will be followed by the press conference led by Macklem and Senior Deputy Governor Carolyn Rogers, starting at 10:30 a.m. ET on Wednesday and lasting for typically over 45 minutes, noted the bank.

Scotiabank estimates the overnight rate to be left at 2.25%. This is priced in OIS and the consensus is unanimously supportive of a policy hold.

No changes to balance sheet policies are expected, added the bank.

It's expected that there will be stronger warnings on the implications of an inflation shock to the policy rate's path, but with no commitment, according to Scotiabank. No explicit guidance is likely, but the policy rate bias is likely to sound like it leans in a more hawkish sounding direction.

Related Articles

International

April Richmond Fed Manufacturing Index 3 Vs. Expected 1 Print, Prior 0

Australia

Sportradar Names Sameer Deen COO

Sportradar (SRAD) said Tuesday it has appointed Sameer Deen as chief operating officer, starting May 18.Deen was most recently the chief commercial officer and president at Entain, an international sports betting and gaming entertainment company, Sportradar said.Price: $12.80, Change: $-1.14, Percent Change: -8.18%

$SRAD
Research

Research Alert: Strong Execution, Softer Outlook: Record Margins Amid Mixed Signals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Itron's Q1 2026 results beat consensus with revenue of $587M (vs. $572M estimate) despite a 3% decline and non-GAAP EPS of $1.49 (vs. $1.24 estimate), though down $0.03 Y/Y. Record adjusted gross margin expanded 490 bps to 40.7%, fueled by strong execution and projects ahead of schedule. We view these results as validating the business mix evolution, with Outcomes growing 22% to $96M and service revenues surging 30% across all segments, while the new Resiliency Solutions segment contributed $16M. Q2 guidance of $560M-$570M revenue and $1.25-$1.35 EPS came well below consensus of $606M/$1.46, requiring management clarity on project timing explanations. We believe the declining backlog (down 6% to $4.4B) coupled with Networked Solutions revenue declines represent a worrisome double headwind worth monitoring. However, our long-term thesis remains intact as we see the revenue shift toward AI-powered grid analytics as positive, supported by robust $79M free cash flow and accelerating demand in the Outcomes segment.

$ITRI