Kanada\u2019n\u0131n ithalat\u0131 nisan ay\u0131nda 72,44 milyar dolara y\u00fckseldi; bir \u00f6nceki ay 70,99 milyar dolard\u0131. Ayl\u0131k bazdaki art\u0131\u015f, mal giri\u015finde daha g\u00fc\u00e7l\u00fc bir seyre i\u015faret ederek d\u00f6nem boyunca genel ticaret aktivitesine katk\u0131 sa\u011flad\u0131.<\/p>\n
Veriler daha y\u00fcksek ithalat talebine i\u015faret etse de, a\u00e7\u0131klama iki ay aras\u0131nda do\u011frudan bir kar\u015f\u0131la\u015ft\u0131rma sunuyor: martta 70,99 milyar dolar, nisanda 72,44 milyar dolar. De\u011fi\u015fim, ithalat\u0131n ay ilerledik\u00e7e artmas\u0131yla 1,45 milyar dolarl\u0131k bir y\u00fckseli\u015fe i\u015faret ediyor.<\/p>\n
Nisan ay\u0131nda ithalat\u0131n 72,44 milyar dolara y\u00fckselmesi, Kanada\u2019da g\u00fc\u00e7l\u00fc i\u00e7 talebe i\u015faret ediyor. Bunu, Kanada ekonomisinin diren\u00e7li kald\u0131\u011f\u0131n\u0131n ve potansiyel olarak enflasyonist bask\u0131lar\u0131 besleyebilece\u011finin bir g\u00f6stergesi olarak g\u00f6r\u00fcyoruz. Bu g\u00fc\u00e7, t\u00fcketici harcamalar\u0131n\u0131n bir\u00e7ok ki\u015finin bekledi\u011finden daha iyi dayand\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n
Bu veriyi dikkate ald\u0131\u011f\u0131m\u0131zda, Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) \u00f6n\u00fcm\u00fczdeki haftalarda \u015fahin duru\u015funu koruyaca\u011f\u0131 kanaatindeyiz. Banka, 4 Haziran toplant\u0131s\u0131nda politika faizini sabit tuttu ve bu g\u00fc\u00e7l\u00fc ithalat verisi yaz aylar\u0131nda bir faiz indirimini son derece d\u00fc\u015f\u00fck olas\u0131l\u0131kl\u0131 hale getiriyor. Faiz oranlar\u0131n\u0131n daha uzun s\u00fcre y\u00fcksek kalmas\u0131 ihtimalini, hatta y\u0131l sonuna kadar, fiyatlayacak \u015fekilde faiz t\u00fcrevi pozisyonlar\u0131m\u0131z\u0131 ayarlamam\u0131z gerekiyor.<\/p>\n
D\u00f6viz yat\u0131r\u0131mc\u0131lar\u0131 a\u00e7\u0131s\u0131ndan bak\u0131ld\u0131\u011f\u0131nda, bu tablo teorik olarak Kanada dolar\u0131n\u0131 destekleyici olmal\u0131. Ancak USD\/CAD, ABD dolar\u0131ndaki genel g\u00fc\u00e7lenmenin etkisiyle 1,3750 civar\u0131nda inat\u00e7\u0131 bir seyir izliyor. Mevcut seviyelerdeki direnci kabul ederken, para biriminin temel deste\u011finden yararlanmak i\u00e7in \u201cloonie\u201d \u00fczerinde vadesiz (out-of-the-money) put sat\u0131\u015f\u0131 gibi opsiyon stratejilerini de\u011ferlendiriyoruz.<\/p>\n
Bu ekonomik g\u00fc\u00e7, S&P\/TSX Bile\u015fik Endeksi i\u00e7in karma bir sinyal niteli\u011finde. G\u00fc\u00e7l\u00fc t\u00fcketici talebi \u015firket gelirleri a\u00e7\u0131s\u0131ndan olumlu olsa da, buna e\u015flik eden daha y\u00fcksek faiz oran\u0131 riski piyasan\u0131n yukar\u0131 y\u00f6n\u00fcn\u00fc s\u0131n\u0131rlayabilir; nitekim endeksin 22.500 \u00fczerindeki kazan\u0131mlar\u0131 kal\u0131c\u0131 k\u0131lmakta zorland\u0131\u011f\u0131n\u0131 g\u00f6rd\u00fck. Piyasan\u0131n genelinde yukar\u0131 y\u00f6n i\u00e7in temkinliyiz ve ba\u015fl\u0131ca Kanada endeks ETF\u2019lerinde koruyucu put veya covered call stratejilerini de\u011ferlendiriyoruz.<\/p>\n
Kritik unsur, gelecek hafta a\u00e7\u0131klanmas\u0131 beklenen Kanada\u2019n\u0131n may\u0131s ay\u0131 T\u00dcFE verisi olacak. Ekonomistlerin yakla\u015f\u0131k %2,9 seviyesinde \u00f6ng\u00f6rd\u00fc\u011f\u00fc bir ba\u015fka y\u00fcksek enflasyon okumas\u0131, BoC\u2019nin pozisyonunu neredeyse kesin bi\u00e7imde peki\u015ftirir. Bu da, t\u00fcrev i\u015flemlerde daha istikrarl\u0131 ya da hafif\u00e7e daha g\u00fc\u00e7l\u00fc bir Kanada dolar\u0131 ve Kanada hisselerinde s\u0131n\u0131rl\u0131 kazan\u00e7lar y\u00f6n\u00fcndeki g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc destekler.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kanada ithalat\u0131 nisanda 72,44 milyar dolara \u00e7\u0131kt\u0131: \u0130\u00e7 talep diren\u00e7li. Bu, BoC\u2019nin \u015fahin duru\u015funu g\u00fc\u00e7lendirip yaz indirimi ihtimalini azalt\u0131yor; CAD\u2019i desteklerken TSX\u2019te faiz bask\u0131s\u0131 yaratabilir.<\/p>\n","protected":false},"author":87,"featured_media":47682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=49586"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47682"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}