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Another chance the Bank of Canada will hike again is greater than expected: Currency analyst

Video vocabulary

although

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US / ɔ:lˈðəu /

UK / ɔlˈðo /

A1
  • conjunction
  • Despite the fact that; however

gdp

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US / ˌdʒiː diː ˈpiː /

UK / ˌdʒiː diː ˈpiː /

A1
  • abbreviation
  • GDP is an acronym

radar

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US / ˈreɪdɑ:(r) /

UK / ˈredɑr /

B2
  • noun
  • Radio device used to find the location of objects

call

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US / kɔ:l /

UK / kɔl /

A1
  • noun
  • A order or request for action
  • The sound an animal makes, often when in danger
  • A correct prediction, e.g. a decision in a game
  • A short visit to a place or person
  • A decision by a referee or umpire in a game
  • verb
  • To make a request or order for action
  • (Animal) to make sounds to warn of danger
  • To announce the date of an election
  • To make a judgment about something
  • To give someone or something a name
  • To guess in advance the result or outcome
  • To visit a place or person for a short time
  • To phone someone
  • To speak, announce or shout in a loud voice

await

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US / əˈweɪt /

UK / əˈwet /

B1
  • verb
  • To keep ready for future needs
  • To be ready to happen, or about to happen

far

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US / fɑ:(r) /

UK / fɑr /

A1
  • adjecitve
  • A long way away
  • Being a long way away
  • adverb
  • To a large degree or extent

where

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US / hwɛə /

UK / hwɛr, wɛr /

A1
  • conjunction
  • At or in the place which
  • In whatever place
  • pronoun
  • Word you use to ask the location of something

tight

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US / taɪt /

UK / taɪt /

A2
  • adjecitve
  • Showing anxiety or anger; tense
  • Positioned physically close together
  • Managed or controlled in a strict and careful way
  • (Of road, bend) curving sharply
  • Drunk
  • Being equally matched in ability or score
  • Lacking extra space
  • Having limited time available
  • Being very limited in supply
  • Not generous; mean with money; stingy
  • (Rope or tie) pulled strongly
  • Being in a good solid relationship
  • adverb
  • Firmly; so it can't move

come

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US / kʌm /

UK / kʌm /

A1
  • verb
  • To arrive at a place
  • (Of mail) to be delivered
  • To move toward someone; go with someone
  • To reach a certain point or state

help

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US / help /

UK / hɛlp /

A1
  • noun
  • Something given to enable a person to do something
  • Assistance given to someone in need
  • Someone who makes something easier or possible
  • verb
  • To act to enable a person to do something; assist
  • To make something better or less difficult

policy

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US / 'pɒləsɪ /

UK / ˈpɑlɪsi /

A2
  • noun
  • Document stating terms of an insurance agreement
  • Course of action proposed by an organization, etc.

think

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US / θɪŋk /

UK / θɪŋk /

A1
  • verb
  • To have an idea about something without certainty
  • To have an idea, opinion or belief about something

and

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US / ənd /

UK / ənd, ən,ænd /

A1
  • conjunction
  • Used to refer to two or more things
  • Plus; in addition; on top of that
  • Used to introduce an action that follows another

certainly

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US / ˈsə:tnli /

UK / ˈsɚtnli /

A1
  • adverb
  • Sure; of course

back

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US / bæk /

UK / bæk /

A1
  • adjecitve
  • Farthest from the front e.g. in a classroom
  • adverb
  • Have returned to a place you were before
  • noun
  • The part of a chair that the upper body leans upon
  • Location at the rear of something
  • The reverse of side something
  • Area on the rear of your body
  • verb
  • To bet money on something
  • To go backwards in a car
  • To support and encourage someone or some cause

hike

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US / haɪk /

UK / haɪk /

B1
  • noun
  • Large and unexpected increase in price, level etc.
  • A long walk in mountains, etc. for exercise
  • Long walk, often in a rural area, for exercise
  • verb
  • To make a large and unexpected increase in a price
  • To take a long walk in mountains etc. for exercise

until

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US / ənˈtɪl /

UK / ʌnˈtɪl /

A1
  • conjunction
  • Up to; to a time when something happens
  • preposition
  • Before (a specific time)

another

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US / əˈnʌðə(r) /

UK / əˈnʌðɚ /

A1
  • adjecitve
  • One more, but not this
  • determiner
  • One more added
  • pronoun
  • One more (thing)

continuous

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US / kənˈtɪnjuəs /

UK / kənˈtɪnjuəs /

A2
  • adjecitve
  • Happening, existing, or performed without stops

afternoon

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US / ˌɑ:ftəˈnu:n /

UK / ˌæftərˈnu:n /

A1
  • noun
  • Time after 12:00 and before the evening meal

governor

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US / ˈgʌvənə(r) /

UK / ˈgʌvərnə(r) /

B2
  • noun
  • Person who leads a state or province

most

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US / məʊst /

UK / most /

A1
  • adverb
  • Very; extremely
  • Greatest possible degree
  • pronoun
  • Nearly all of something

early

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US / ˈɜ:li /

UK / ˈɜ:rli /

A1
  • adjecitve
  • Happening or appearing before
  • adverb
  • Coming/happening before others in a time sequence
  • Happening sooner than expected

revise

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US / rɪ'vaɪz /

UK / rɪˈvaɪz /

A2
  • verb
  • To make changes or add something to improve
  • To study again in order to prepare for a test

throughout

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US / θru:ˈaʊt /

UK / θruˈaʊt /

A2
  • adverb
  • From the beginning of something until the end
  • preposition
  • Over/across an entire place/thing; in every part

brand

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US / brænd /

UK / brænd /

A2
  • noun
  • A mark burned on an animal to show who owns it
  • Product made or designed by a named company
  • verb
  • To burn a mark on an animal to show who owns it
  • To describe someone as a liar, coward, etc.
  • To give a famous name to a product or service

only

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US / ˈəunli /

UK / ˈonli /

A1
  • adverb
  • Just one; just that amount or thing; not more than
  • Not very important or serious
  • Just that type of thing, person
  • Short time ago; not before a certain time
  • conjunction
  • Except; but

retail

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US / 'ri:teɪl /

UK / ˈriˌtel /

C1
  • adjecitve
  • Concerning the selling of goods to the public
  • adverb
  • Bought or sold in a store or shop
  • noun
  • Business of selling products to the public
  • verb
  • To sell at a particular price

put

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US / pʊt /

UK / pʊt /

A1
  • phrasal verb
  • to make a light stop shining by pressing or moving a switch
  • verb
  • To move or place a thing in a particular position
  • To rate something in importance or value
  • To write or say something in a certain manner

translate

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US / trænsˈleɪt /

UK / trænsˈlet /

A2
  • verb
  • To change something into a different state
  • To be equivalent to; equate to
  • To change a text, speech into a different language
  • To change words from one language into another

couple

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US / 'kʌpl /

UK / ˈkʌpəl /

A2
  • noun
  • Two people in a romantic relationship
  • Two of something; two people; a pair
  • verb
  • To join something to something else
  • (Two animals) to engage in sexual relations
  • To put two people or things together

something

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US / ˈsʌmθɪŋ /

UK / ˈsʌmθɪŋ /

A1
  • adverb
  • In some degree or measure
  • noun
  • a person or thing of some value or consequence
  • pronoun
  • Thing that is not yet known or named
  • Approximately

unemployment

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US / ˌʌnɪmˈplɔɪmənt /

UK / ˌʌnɛmˈplɔɪmənt,-ɪm- /

B1
  • noun
  • Number of people without jobs in a country
  • State of not having a job

answer

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US / 'ɑ:nsə(r) /

UK / ˈænsɚ /

A1
  • noun
  • Reply to a question someone asks
  • Solution to a problem or test question
  • verb
  • To reply to a question someone asks
  • To solve a test question or a problem

core

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US / kɔ:(r) /

UK / kɔr, kor /

A2
  • noun
  • Important central part of something
  • verb
  • To take out the central section of a fruit

bad

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US / bæd /

UK / bæd /

A1
  • adjecitve
  • Not good; wrong
  • Lacking in good morals; evil
  • No longer fresh; spoiled

make

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US / meɪk /

UK / mek /

A1
  • noun
  • Product made by a particular company; brand
  • verb
  • To arrange or prepare something e.g. dinner
  • To get to (a place) on time
  • To gain the status of (teacher, lawyer, etc.)
  • To create something by putting things together
  • To earn a certain amount of money at a job
  • To cause or force a person to do something
  • To cause something to happen or be formed

demand

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US / dɪ'mɑ:nd /

UK / dɪˈmænd /

A2
  • noun
  • Desire customers have to buy product, service
  • A strong request for someone to do something
  • verb
  • To strongly request someone to do something

bank

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US / bæŋk /

UK / bæŋk /

A1
  • noun
  • A financial institution that keeps or lends money
  • The side of a river
  • A row of things in lines (e.g. computers)
  • verb
  • To put or keep your money in a bank
  • To turn a plane when flying; (of a plane) to turn

than

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US / ðən /

UK / ðən /

A1
  • conjunction
  • Used to compare two things that are not equal

strength

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US / streŋθ /

UK / strɛŋkθ, strɛŋθ, strɛnθ /

A2
  • noun
  • Condition of being strong

love

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US / lʌv /

UK / lʌv /

A1
  • noun
  • Person's name
  • A very strong feeling of affection
  • The person you care very deeply about
  • Strong, deep emotional and sexual attraction
  • verb
  • To care for and like someone very strongly, deeply
  • To like doing very much; enjoy greatly
  • To feel a strong emotional and romantic attraction

one

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US / wʌn /

UK / wʌn /

A1
  • pronoun
  • You; we; people in general; someone
  • The thing or person previously referred to
  • adjecitve
  • Used to refer to people generally
  • Being a strong example of (something mentioned)
  • number
  • Number 1

other

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US / 'ʌðə(r) /

UK / ˈʌðər /

A1
  • adjecitve
  • A thing different from that mentioned
  • determiner
  • (Something) else; not the first (one)
  • pronoun
  • Being the one and only thing of that category

lead

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US / li:d /

UK / lid /

A1
  • adjecitve
  • Being the main part in movies or plays
  • noun
  • Wire for electricity, computer, etc.; cable
  • Information that could help to solve a crime
  • Main part in a play or movie
  • Heavy, gray metal element
  • Rope used to tie something to stop it escaping
  • Act of being at the front in a race or game
  • verb
  • To show the way or guide others
  • To be at the front of a race or game
  • To travel in front of; go in advance of others

into

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US / 'ɪntə /

UK / ˈɪntu /

A1
  • preposition
  • Moving or going inside something
  • In the same direction as; in the direction of
  • So as to become; taking the state of

trend

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US / trend /

UK / trɛnd /

A2
  • noun
  • Current style or fashion
  • Direction things are moving in; current style
  • General direction that is taken
  • verb
  • To be current and popular
  • To move up or down

tremendous

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US / trəˈmendəs /

UK / trɪˈmɛndəs /

B1
  • adjecitve
  • Very good or very impressive

this

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US / ðɪs /

UK / ðɪs /

A1
  • adjecitve
  • Used to indicate something already been discussed
  • Used to indicate something happening around now
  • adverb
  • An indication by a physical motion or gesture
  • A specific amount of
  • determiner
  • Person, thing, or idea near you
  • pronoun
  • Person, thing that has already been discussed

upside

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US / ˈʌpsaɪd /

UK / ˈʌpˌsaɪd /

A2
  • noun
  • Above, over
  • A positive aspect; advantage

may

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US / meɪ /

UK / me /

A1
  • noun
  • 5th month of the year
  • other
  • Used to express a desire
  • Expresses permission, possibility or probability
  • Used to show that a thing could be true

filter

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US / 'fɪltə(r) /

UK / ˈfɪltɚ /

B1
  • noun
  • Device to remove certain types of light, sound
  • Device to remove unwanted things from liquid, gas
  • verb
  • To remove certain types of light, sound
  • To remove unwanted substances from a liquid or gas

you

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US / jʊ /

UK / ju /

A1
  • pronoun
  • Person someone is speaking or writing to
  • Person or people in general

year

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US / jə: /

UK / jɪr /

A1
  • noun
  • Unit of time equal to 12 months or 365 or 366 days
  • Used to refer to the age of a person

kind

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US / kaɪnd /

UK / kaɪnd /

A1
  • adjecitve
  • In a caring and helpful manner
  • friendly and considerate
  • noun
  • One type of thing

how

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US / haʊ /

UK / haʊ /

A1
  • adjecitve
  • To what degree? in what amount?
  • adverb
  • (Used to explain the way to do something)
  • exclamation
  • For what purpose or reason?
  • (Used to ask someone or something's condition)

also

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US / 'ɔ:lsəʊ /

UK / ˈɔlso /

A1
  • adverb
  • In addition; too; in a similar way

the

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US / ðə /

UK / ðə /

A1
  • article
  • Used to refer to something already mentioned
  • Used to show there is only one of something
  • determiner
  • Used to describe all of a family

rate

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US / reɪt /

UK / ret /

A1
  • noun
  • Current price or cost of something
  • Speed or frequency of events over time
  • verb
  • To assess something or consider its qualities

mention

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US / 'menʃn /

UK / ˈmɛnʃən /

A2
  • noun
  • Act of referring to or talking about something
  • verb
  • To refer to or talk or write about something

let

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US / let /

UK / lɛt /

A1
  • verb
  • To allow someone to do something
  • Introducing a suggestion to do something together
  • To rent a house, etc. to others

little

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US / 'lɪtl /

UK / ˈlɪtl /

A1
  • adjecitve
  • Being short in length of time
  • Not great in size, amount, or degree; small
  • Being very young or younger than others
  • adverb
  • By an amount or degree that is not very much
  • Not often; rarely
  • noun
  • A person's name

big

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US / bɪɡ /

UK / bɪɡ /

A1
  • adjecitve
  • Popular
  • Serious
  • Large

danielle

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US / dænˈjel /

UK / /

A1

client

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US / 'klaɪənt /

UK / ˈklaɪənt /

A2
  • noun
  • Person paying for professional services

surprised

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US / səˈpraɪzd /

UK / sərˈpraɪzd /

A1
  • adjecitve
  • Feeling a shock when something unexpected happens
  • verb
  • To do something that another person didn't expect

strip

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US / strɪp /

UK / strɪp /

B1
  • noun
  • Long narrow piece, such as ribbon or land
  • verb
  • To remove your clothes (often sexily for someone)
  • To remove something, e.g. paint from a wall
  • To take property, dignity away from (someone)

price

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US / praɪs /

UK / praɪs /

A1
  • noun
  • Person's name
  • Cost of something in money
  • verb
  • To determine or set the cost of something

level

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US / 'levl /

UK / ˈlɛvəl /

A2
  • adjecitve
  • (Sports) equal to another
  • Being steady and determined (e.g. a voice)
  • noun
  • Specific height of something
  • Amount of ability you have compared to others
  • Floor or deck within a building
  • Tool used to determine if something is lying flat
  • verb
  • To aim a gun at someone
  • To destroy a building; flatten an area completely
  • To make things flat or even
  • To make a score equal to another, in sports

frothy

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US / 'frɒθɪ /

UK / ˈfrɔθi, ˈfrɑθi /

C1
  • adjecitve
  • Covered with a mass of bubbles, e.g. from steaming

anticipate

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US / æn'tɪsɪpeɪt /

UK / ænˈtɪsəˌpet /

B1
  • verb
  • To expect or look ahead to something positively
  • To be aware of something that might happen

carlos

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US / kɑ:ˈlail /

UK / kɑrˈlaɪl, ˈkɑrˌlaɪl /

A1

unless

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US / ənˈles /

UK / ʌnˈlɛs /

A2
  • conjunction
  • Negative of 'if'

sort

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US / sɔ:t /

UK / sɔrt /

A1
  • noun
  • Group or class of similar things or people
  • verb
  • To organize things by putting them into groups
  • To deal with things in an organized way

peak

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US / pi:k /

UK / pik /

B1
  • noun
  • Part of a cap that sticks out over your eyes
  • The very top of a mountain
  • State when something is at its best
  • Time or point when the highest level occurs
  • verb
  • To reach the highest or best point

exactly

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US / ɪgˈzæktli /

UK / ɪɡˈzæktli /

A1
  • adverb
  • No more and no less than; precisely

australia

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US / ɒˈstreɪliə /

UK / ɔːˈstreɪliə /

A1
  • noun
  • The smallest continent; between the South Pacific and the Indian Ocean

continue

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US / kən'tɪnju: /

UK / kənˈtɪnju /

A1
  • verb
  • To do something without stopping, or after pausing
  • To start doing again after a break, pause, or stop

write

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US / raɪt /

UK / raɪt /

A1
  • verb
  • To compose letters and words on paper or a screen
  • To invent or create a computer program
  • To create a song or piece of music

speak

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US / spi:k /

UK / spik /

A1
  • verb
  • To be able to use a certain language
  • To use words to tell information, express thoughts

actually

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US / ˈæktʃuəli /

UK / ˈæktʃuəli /

A1
  • adverb
  • Used to add new (often different) information

wait

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US / weɪt /

UK / wet /

A1
  • verb
  • To delay or not do something until later
  • To spend time until an expected thing happens
  • To remain in a place until a thing happens

yield

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US / ji:ld /

UK / jild /

A2
  • noun
  • Amount of crops grown
  • Amount of profit you make
  • verb
  • To bend or break because of a strong force
  • To give way to someone or something else
  • To produce, usually in agriculture or business
  • To produce a certain amount of profit; result in
  • To total to a certain amount, as in a calculation

probably

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US / ˈprɒbəbli /

UK / ˈprɑbəbli /

A1
  • adverb
  • That is likely to happen or be true

economy

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US / ɪ'kɒnəmɪ /

UK / ɪˈkɑnəmi /

A1
  • noun
  • Using money, resources in a careful, effective way
  • Total of all goods, services and wages in an area

print

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US / prɪnt /

UK / prɪnt /

A1
  • noun
  • Process of making books, magazines etc.
  • verb
  • To make many copies of a page, magazine or book
  • To write individual letters by hand in capitals

contract

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US / 'kɒntrækt /

UK / 'kɑ:ntrækt /

A1
  • noun
  • Legal agreement, e.g. for doing work for money
  • Agreement to pay someone to kill a person
  • verb
  • To become ill as a result of getting a disease
  • To make an agreement for doing work for money
  • To reduce in size, length due to heat loss
  • To reduce the amount of

outperformance

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US / ˌaʊtpəˈfɔːməns /

UK / ˌaʊtpərˈfɔːrməns /

A1

performance

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US / pə'fɔ:məns /

UK / pɚˈfɔrməns /

A2
  • noun
  • Act of doing something
  • Activity done to entertain an audience

new

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US / nju: /

UK / nu, nju /

A1
  • adjecitve
  • Not old, recently born, built or made
  • Being or doing something for the first time
  • Not felt, seen or known previously
  • Having been recently bought or obtained

here

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US / hɪə(r) /

UK / hɪr /

A1
  • adverb
  • In this place; at this location, position or time

either

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US / ˈaɪðə(r) /

UK / ˈiðɚ, ˈaɪðɚ /

A1
  • adjecitve
  • One of two (used when there is a choice of two)
  • adverb
  • (After negative statements) likewise, in addition
  • conjunction
  • Used as the first of two connected things
  • determiner
  • Used as the first of two connected things
  • pronoun
  • The one or the other

currency

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US / 'kʌrənsɪ /

UK / ˈkɚrənsi, ˈkʌr- /

B1
  • noun
  • Widespread acceptance
  • Money system that a country uses

complicate

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US / ˈkɒmplɪkeɪt /

UK / ˈkɑ:mplɪkeɪt /

B1
  • verb
  • To make more difficult to do, understand or use

sure

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US / ʃʊə(r) /

UK / ʃʊr /

A1
  • adjecitve
  • Having no doubts about something
  • Have confidence in your own words or actions
  • Firmly established or held; being firm or stable
  • Being correct or true
  • adverb
  • What you say to agree willingly

point

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US / pɔɪnt /

UK / pɔɪnt /

A1
  • noun
  • An item to be discussed
  • Small spot or dot
  • Fact or detail
  • Feature of something
  • The size of the text on a page or screen
  • A certain time or stage in a process
  • Certain position in time or space
  • Idea or fact you try to convince people about
  • Measurement of scores in a game, sport
  • Sharp end of something, e.g. a pen or pin
  • verb
  • To face a certain direction, e.g. north
  • To indicate something with your finger to others

sharma

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US / ˈʃɑrmə /

UK / /

A1

associate

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US / ə'səʊʃɪeɪt /

UK / əˈsoʊʃiˌeɪt /

B1
  • adjecitve
  • Part of a job title indicating a junior position
  • noun
  • Partner in professional work, e.g. in law
  • verb
  • To spend time with other people; mix with
  • To form a connection in your mind between things

too

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US / tu: /

UK / tu /

A1
  • adverb
  • In addition, also; with emphasis
  • Say that something is more than you want

side

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US / saɪd /

UK / saɪd /

A1
  • adjecitve
  • In addition to the central or most important thing
  • Next to, or very close to, the right or left of
  • noun
  • Position or opinion that is opposite to another
  • Right or left part of a person's body
  • Feature of someone's personality
  • Straight edge of an object
  • One of two or more groups fighting each other
  • verb
  • To decide to agree with one point, not the other

reason

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US / 'ri:zn /

UK / ˈrizən /

A1
  • noun
  • Ability to think about facts and form a judgment
  • Explanation for why something occurred or was done
  • verb
  • To think and make conclusions in a logical manner

past

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US / pɑ:st /

UK / pæst /

A2
  • adjecitve
  • No longer current or new
  • adverb
  • So as to go beyond, or further than something
  • noun
  • Time that existed before now, e.g. long ago
  • preposition
  • After a particular time
  • At a later point in distance; beyond

market

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US / ˈmɑ:kɪt /

UK / ˈmɑ:rkɪt /

A1
  • noun
  • Need or demand for a particular product or service
  • Area or region where a certain product is sold
  • Public event where people sell goods on tables
  • Institution where stocks are bought and sold
  • verb
  • To publicize products to get you to buy; advertise

inflation

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US / ɪn'fleɪʃn /

UK / ɪnˈfleʃən /

B1
  • noun
  • Act of filling something with air or gas
  • Continual rise in the prices of products

feel

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US / fi:l /

UK / fil /

A1
  • verb
  • To be aware of or experience an emotion, sensation
  • To sense through direct contact; touch

area

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US / 'eərɪə /

UK / ˈɛriə /

A1
  • noun
  • Amount of measured space
  • A specific section or space; part of a region
  • A subject or field of study

clue

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US / klu: /

UK / klu /

B1
  • noun
  • Information that helps explain something; hint

will

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US / wɪl /

UK / wɪl /

A1
  • noun
  • Desire or choice of someone
  • Document saying who gets your money when you die
  • Strong desire to do something; determination
  • Desire to do something; strong wish to do
  • other
  • Used with verbs to express the future
  • verb
  • To leave property to someone after your death
  • To use mental effort to make something happen
  • Am (is, are) likely to do
  • To influence someone to do something
  • To make something happen by strongly wanting it

many

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US / 'menɪ /

UK / ˈmɛni /

A1
  • determiner
  • Used to refer a large number of things

director

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US / də'rektə(r) /

UK / dɪˈrɛktɚ, daɪ- /

A2
  • noun
  • Senior person who manages part of an organization
  • Person who controls the acting in a movie or play

ecb

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US / /

UK / /

A1
  • abbreviation
  • England and Wales Cricket Board.
  • European Central Bank.

already

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US / ɔ:lˈredi /

UK / ɔlˈrɛdi /

A1
  • adverb
  • Having happened or been done before this time

after

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US / 'ɑ:ftə(r) /

UK / ˈæftɚ /

A1
  • adverb
  • Later than another time, or behind something
  • conjunction
  • Following something before
  • preposition
  • When an event happened or time has passed

spike

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US / spaɪk /

UK / spaɪk /

B2
  • noun
  • The top point in a graph
  • Long, thin metal rod that ends in a point
  • verb
  • To go up to a point on a graph

raise

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US / reɪz /

UK / rez /

A1
  • noun
  • Increase in a bet above another when playing cards
  • Pay increase
  • verb
  • To increase a bet above another when playing cards
  • To gather donations for a cause or charity
  • To bring up and educate a child to maturity
  • To bring a dead person to life
  • To increase a quantity, size, intensity or price
  • To lift (e.g. your hand) to a higher position
  • To mention a topic /issue for discussion; bring up
  • To increase (salary, etc.)
  • To grow or care for plants or animals

problem

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US / ˈprɒbləm /

UK / ˈprɑbləm /

A1
  • adjecitve
  • Causing trouble
  • noun
  • Something difficult to deal with or causes trouble
  • Question to show understanding of a math concept

mind

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US / maɪnd /

UK / maɪnd /

A1
  • noun
  • One's opinion or way of thinking about something
  • Part of humans that allows us to think or feel
  • verb
  • To be bothered or upset by something
  • To take care of someone e.g. as a bodyguard

next

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US / nekst /

UK / nɛkst /

A1
  • adverb
  • The one that follows another in time or order
  • At a time or place directly after the present one
  • noun
  • The one that follows after
  • adjecitve
  • Immediately after the previous one
  • First occurrence after the present one

economic

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US / ˌi:kəˈnɒmɪk /

UK / ˌɛkəˈnɑmɪk, ˌikə- /

A2
  • adjecitve
  • Concerning trade, industry, and money

traditionally

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US / trə'dɪʃənəlɪ /

UK / trə'dɪʃənəlɪ /

B2
  • adverb
  • Something done in a customary, traditional manner

world

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US / wɜ:ld /

UK / wɜrld /

A1
  • noun
  • All the humans, events, activities on the earth
  • Political division due to some kind of similarity

month

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US / mʌnθ /

UK / mʌnθ /

A1
  • noun
  • One of 12 28-31 day periods in the year

federal

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US / 'fedərəl /

UK / ˈfɛdərəl, ˈfɛdrəl /

B1
  • adjecitve
  • Consisting of several united states

away

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US / ə'weɪ /

UK / əˈwe /

A1
  • adjecitve
  • Not present
  • adverb
  • Disappear completely
  • Doing something with a lot of energy
  • Not here; far from here; in a different direction
  • To a different area, location

manage

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US / ˈmænɪdʒ /

UK / ˈmænɪdʒ /

A1
  • verb
  • To survive hardships and difficulties; to cope
  • To run or operate a business by directing others

interest

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US / 'ɪntrəst /

UK / ˈɪntrɪst, -tərɪst, -ˌtrɛst /

A1
  • noun
  • Best or most advantageous thing for someone
  • Activity or subject one enjoys doing or learning
  • Fee for borrowing money
  • verb
  • To make someone want to know about something
  • To persuade to do, become involved with something

end

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US / end /

UK / ɛnd /

A1
  • noun
  • The point where a process or activity stops
  • A point that marks the limit of something; finish
  • Goal or desired result
  • The tip, edge or limit of something
  • verb
  • To be the last part of something

weakness

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US / ˈwi:knəs /

UK / ˈwiknɪs /

A2
  • noun
  • Fault or bad quality preventing success
  • Liking for something that you are a bit ashamed of

pessimism

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US / ˈpesɪmɪzəm /

UK / ˈpɛsəˌmɪzəm /

B2
  • noun
  • Inclination to expect negative outcomes

know

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US / nəʊ /

UK / noʊ /

A1
  • verb
  • To be familiar with a person or place, thing
  • To feel sure or be convinced about something
  • To discover or be aware of something
  • To be able to distinguish
  • To have knowledge of things

headline

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US / ˈhedlaɪn /

UK / ˈhedlaɪn /

B2
  • noun
  • Title summarizing a news story
  • verb
  • To be the main performer at a show

canada

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US / 'kænədə /

UK / ˈkænədə /

A1
  • proper noun
  • A country in northern North America, the second largest country in the world; population 35,900,000

busy

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US / 'bɪzɪ /

UK / ˈbɪzi /

A1
  • adjecitve
  • Working hard doing something; full of activity
  • verb
  • To actively be occupied with doing something

could

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US / kəd /

UK / kʊd /

A1
  • other
  • Past form of 'can' to mean have ability
  • Used to ask for something politely, or to offer

part

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US / pɑ:t /

UK / pɑ:rt /

A1
  • adjecitve
  • To some degree; half; not fully
  • noun
  • Division of a book
  • Ratio of something, e.g. 3 of gin, 1 of tonic
  • A line in a person's hair, made with a comb
  • Character an actor plays on stage, movie, or TV
  • Some, but not all of a specific thing
  • Role in causing something to happen
  • verb
  • To make a line in a person's hair, by using a comb
  • To move two things apart creating a space
  • To leave someone, or to break off a relationship

last

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US / lɑ:st /

UK / læst /

A1
  • adjecitve
  • Most recent; the latest
  • The one before
  • adverb
  • Final; with nothing following; after all others
  • Most recent; the latest
  • determiner
  • The one at the end
  • verb
  • To remain or continue for a certain period of time

have

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US / həv /

UK / hæv /

A1
  • verb
  • To drink, smoke, eat or use something
  • To experience the effects of something
  • To organize an event, or join in an activity
  • To own, possess, or hold something
  • To cause to happen or produce a particular effect

before

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US / bɪˈfɔ:(r) /

UK / bɪˈfɔr,-ˈfor /

A1
  • adverb
  • At a time earlier than the present; previously
  • conjunction
  • In advance of something happening
  • preposition
  • In front of someone or something

with

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US / wɪð /

UK / wɪð, wɪθ /

A1
  • preposition
  • As an employee of a certain company
  • Against something or someone
  • By using something as a means
  • Due to; because of
  • Including
  • Possessing as a feature
  • Related to
  • (Of the manner/attitude by which you do something)
  • Used to express that people or things are together

instance

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US / 'ɪnstəns /

UK / ˈɪnstəns /

A2
  • noun
  • An example of something; case
  • verb
  • To give as an example of something else

datum

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US / ˈdeɪtəm /

UK / ˈdetəm, ˈdætəm, ˈdɑtəm /

B1
  • noun
  • Item of factual information

accelerate

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US / əkˈseləreɪt /

UK / ækˈsɛləˌret /

B1
  • verb
  • To cause to occur earlier than expected
  • To increase the speed or rate of something

weak

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US / wi:k /

UK / wik /

A1
  • adjecitve
  • Not having a strong character
  • Less valuable compared to money of other countries
  • Ineffective; unconvincing; not strong
  • Having little power or ability
  • Not having the necessary or proper amount
  • Having little power; not strong; easy to break
  • (Of a drink) having lots of water and little taste

loonie

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US / ˈluːni /

UK / ˈluːni /

A1
  • noun
  • One-dollar Canadian coin

hear

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US / hɪə(r) /

UK / hɪr /

A1
  • verb
  • To be aware of sound; to perceive with the ear
  • To be told or find out information or facts
  • To consider or listen to a court case

increase

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US / ɪn'kri:s /

UK / ɪnˈkris /

A1
  • noun
  • Fact of increasing; amount something grows by
  • verb
  • To make or become larger in size or amount

feed

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US / fi:d /

UK / fid /

A2
  • noun
  • Food given to animals
  • verb
  • To give food, e.g. to animals or a baby
  • To push something through an opening
  • To provide necessary supplies to

see

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US / si: /

UK / si /

A1
  • verb
  • To go on a date with someone
  • To predict whether something is, or will be true
  • To understand what someone says
  • To use your eyes to look at something
  • To visit a place often for sightseeing or pleasure
  • To visit or meet with someone
  • To find out by waiting or looking
  • To watch (a game, movie or TV show)

england

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US / 'ɪŋɡlənd /

UK / ˈɪŋɡlənd /

A1
  • proper noun
  • A European country that forms the largest and most southern part of Great Britain and of the United

week

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US / wi:k /

UK / wik /

A1
  • noun
  • Period of seven days from Sunday to Saturday

what

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US / wɒt /

UK / hwɑt, hwʌt, wɔt, wʌt,hwət, wət /

A1
  • pronoun
  • Thing or things that; the same kind as
  • Used to emphasize something you are about to say
  • adjecitve
  • Used to refer to a particular amount, or number
  • Used to place emphasis on a particular quality
  • adverb
  • To a certain degree
  • determiner
  • Question words used for asking for information
  • exclamation
  • Used to express excitement, shock, or surprise
  • Used to ask people to repeat something they said

that

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US / ðæt /

UK / ðæt, ðət /

A1
  • adjecitve
  • The person or thing being talked about
  • Used to identify something both the speakers know
  • adverb
  • Used to reinforce adjectives and adverbs
  • To such a degree
  • conjunction
  • Used to connect a noun clause
  • Used to introduce an adverbial clause
  • Used to introduce a noun clause
  • determiner
  • Used as a noun to refer to something
  • pronoun
  • Referring an object far away
  • Used to refer to the relative pronoun ‘which’

sit

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US / sɪt /

UK / sɪt /

A1
  • verb
  • To take an exam
  • To be in a resting position on a chair
  • To provide seating for people
  • To remain in a still position while being painted

reaction

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US / rɪ'ækʃn /

UK / riˈækʃən /

A2
  • noun
  • Bodily response to a drug or something eaten
  • Feeling or action in response to something

like

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US / laɪk /

UK / laɪk /

A1
  • adjecitve
  • Being equal in status or kind to something else
  • Similar; the same
  • adverb
  • For example
  • preposition
  • Used as a filler; used to ad emphasis
  • In a way similar to the way something is done
  • Such as; for example
  • verb
  • To want to
  • To find something pleasing; to prefer something

people

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US / 'pi:pl /

UK / ˈpipəl /

A1
  • noun
  • Persons sharing culture, country, background, etc.
  • Men, Women, Children

outperform

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US / ˌaʊtpəˈfɔ:m /

UK / ˌaʊtpərˈfɔ:rm /

C1
  • verb
  • To achieve more than other competitors

lean

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US / li:n /

UK / lin /

A2
  • adjecitve
  • Having a low fat content
  • Efficient; well-designed with no waste
  • Thin; slim; skinny; with little fat on your body
  • verb
  • To balance against or on something for support
  • To have a tendency to do something; favor

fly

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US / flaɪ /

UK / flai /

A1
  • noun
  • Common flying insect, sometimes blue in color
  • Opening with fold of cloth hiding zipper on pants
  • verb
  • To move in the wind, e.g. a flag
  • To move at a high speed
  • To travel in a plane, helicopter, balloon etc.
  • To pilot people or items by plane
  • To travel through the air using wings

different

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US / ˈdɪfrənt /

UK / ˈdɪfrənt /

A1
  • adjecitve
  • Not of the same kind; unlike other things

impact

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US / 'ɪmpækt /

UK / ˈɪmˌpækt /

A2
  • noun
  • A striking effect or result to hit with force
  • Very strong influence
  • Act or force of one thing hitting something else
  • verb
  • To hit or strike someone or something with force

even

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US / 'i:vn /

UK / ˈivən /

A1
  • adjecitve
  • Being equal in influence, power, possibility etc.
  • Being divided equally or fairly
  • (Of teams/contest) with similar chances of success
  • Smooth, level, or regular
  • Can be divided by 2; ending in 2, 4, 6, 8, or 0
  • At a regular, equally steady manner
  • Remaining steady and unchanging
  • adverb
  • (When this is surprising) as well; too
  • (Used to compare two things/stress the difference)
  • verb
  • To make something level; to flatten
  • To make something equal

again

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US / ə'ɡen /

UK / əˈɡɛn /

A1
  • adverb
  • One more time, once more

about

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US / ə'baʊt /

UK / əˈbaʊt /

A1
  • adverb
  • To be ready to; going to
  • Nearly; approximately; roughly
  • Near; next to; close to
  • In every direction; in the area of
  • preposition
  • Concerning or of (a topic)

sticky

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US / ˈstɪki /

UK / ˈstɪki /

B1
  • adjecitve
  • Easy to adhere or stick to other things
  • (Of weather/a day) uncomfortably hot and humid

mean

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US / mi:n /

UK / min /

A1
  • adjecitve
  • Being good at
  • Nasty; unkind
  • Not liking to spend money; cheap; stingy
  • noun
  • Average of a set of numbers
  • verb
  • To express a particular idea or thought
  • To intend to do something in particular
  • To have a particular meaning or value

keen

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US / ki:n /

UK / kin /

B1
  • adjecitve
  • Being eager or excited for something to happen
  • Liking something; wanting to do or have; desiring
  • Having highly developed senses (e.g. smell, taste)
  • Being clever or smart
  • verb
  • To make a loud sad cry, as because someone died

enough

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US / ɪˈnʌf /

UK / ɪˈnʌf /

A1
  • adjecitve
  • Sufficient to answer the need
  • adverb
  • To a satisfactory degree
  • pronoun
  • Equal to what is needed; as much as required
  • Adequate number or amount

great

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US / ɡreɪt /

UK / ɡret /

A1
  • adjecitve
  • Very large in size
  • Very important
  • Very good; fantastic; wonderful
  • adverb
  • Very good; better than before
  • noun
  • Successful and well-admired person

find

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US / faɪnd /

UK / faɪnd /

A1
  • noun
  • Object discovered by chance
  • Things that have been discovered from searching
  • verb
  • To become aware of something that is happening
  • To discover or meet by chance
  • To decide if someone is guilty of a crime, or not
  • To learn through study, research, or effort
  • To discover something by looking for it

energy

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US / 'enədʒɪ /

UK / ˈɛnədʒi /

A2
  • noun
  • Physical or mental strength

cue

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US / kju: /

UK / kju /

B2
  • noun
  • Word or action in a play to tell an actor to speak
  • Signal telling when you have to do something
  • verb
  • To give a signal telling someone when to act/speak

case

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US / keɪs /

UK / kes /

A1
  • noun
  • Container used to carry things, e.g. clothes
  • Set of facts about a crime
  • Set of facts about an event
  • Example or instance of something
  • verb
  • To find out about a place, as in planning to steal

stabilization

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US / ˌsteɪbəlaɪ'zeɪʃn /

UK / ˌsteɪbəlaɪ'zeɪʃn /

C2
  • noun
  • Making something stable, e.g. body's condition

perspective

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US / pə'spektɪv /

UK / pɚˈspɛktɪv /

B1
  • noun
  • Artistic method of creating a sense of distance
  • Ability to understand what is important in life

happen

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US / 'hæpən /

UK / ˈhæpən /

A1
  • verb
  • To take place or occur

bottom

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US / 'bɒtəm /

UK / ˈbɑtəm /

A2
  • adjecitve
  • Concerning the part under something, e.g. a vase
  • noun
  • The part of your body you sit on
  • Lowest position, often in a company or contest
  • Lowest part of something; part on which it rests
  • Lowest level, part or point of an object
  • The part under something, e.g. a vase
  • verb
  • To hit the lowest part of something

touch

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US / tʌtʃ /

UK / tʌtʃ /

A1
  • noun
  • Certain way of doing that makes something special
  • A small amount of something
  • Feeling of a surface
  • verb
  • To affect feelings, especially by causing sympathy
  • To be next to each other with no space between
  • To get involved with (used in negative)
  • To feel an object with your fingers, etc.

right

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US / raɪt /

UK / raɪt /

A1
  • adjecitve
  • Correct or true
  • The south side of you looking at the rising sun
  • adverb
  • Exactly in a place or time
  • Being appropriate for a particular event
  • In a straight or direct manner
  • noun
  • Something you are legally or morally allowed to do
  • Ideal of what is just and good
  • Political view based on conservatism
  • verb
  • To fix something previously wrong or unjust
  • To make upright, as a boat that has turned over

she

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US / ʃɪ /

UK / ʃi /

A1
  • pronoun
  • Female person or animal mentioned before
  • (Refers to female person mentioned before)

growth

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US / grəʊθ /

UK / groʊθ /

A2
  • noun
  • Improvement, development in a skill over time
  • A mass on the skin or body part related to illness
  • Act of growing

insider

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US / ɪnˈsaɪdə(r) /

UK / ɪnˈsaɪdɚ /

A2
  • noun
  • Company worker who tells others company secrets

then

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US / ðen /

UK / ðɛn /

A1
  • adverb
  • A time that is not now
  • Following another thing in time or arrangement
  • Following on reasonably from what was just stated
  • At that time, not now

manager

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US / ˈmænɪdʒə(r) /

UK / ˈmænɪdʒɚ /

A1
  • noun
  • Person who controls and runs a business or group

down

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US / daʊn /

UK / daʊn /

A1
  • adjecitve
  • Being sad, sick, or unhappy
  • Not operating, working, or functioning as expected
  • adverb
  • In a sitting or lying position
  • Towards or on the ground, floor, or bottom
  • Written or copied onto a piece of paper or book
  • noun
  • A period of play in American Football
  • The soft, smooth hairs that cover a bird's body
  • preposition
  • Along something's path, course, or direction
  • Going from a higher position to a lower position
  • verb
  • To eat or drink very quickly and without stopping

similar

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US / ˈsɪmələ(r) /

UK / ˈsɪməlɚ /

A1
  • adjecitve
  • Nearly the same; alike

own

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US / əʊn /

UK / on /

A1
  • adjecitve
  • Belong to oneself
  • determiner
  • Yours, his, hers, etc.; not belonging to another
  • pronoun
  • (Something) belong to myself
  • verb
  • To have something as your property

dimartino

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US / dɪm /

UK / dɪm /

A1

fund

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US / fʌnd /

UK / fʌnd /

A2
  • noun
  • Money collected, saved, or provided for a purpose
  • A specific account into which you put money
  • verb
  • To supply money for something

second

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US / 'sekənd /

UK / ˈsɛkənd /

A1
  • adjecitve
  • 2nd; the one following first
  • noun
  • Unit of time; one sixtieth of a minute
  • Short period of time that you wait for someone
  • (Do) soon
  • verb
  • To agree to support a proposal at a meeting

sideline

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US / ˈsaɪdlaɪn /

UK / ˈsaɪdˌlaɪn /

B2
  • noun
  • Line that marks the width of a playing field
  • verb
  • To make someone less important, or irrelevant

first

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US / fɜ:st /

UK / fɚst /

A1
  • adjecitve
  • 1st; Coming before all others in time or place
  • noun
  • Something that has not happened before
  • Position of the winner of a competition

get

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US / ɡet /

UK / ɡɛt /

A1
  • verb
  • To become affected by illness or disease
  • To begin to feel or understand an emotion or idea
  • To send or bring someone or something home, etc.
  • To go somewhere to obtain something
  • To (cause to) do a particular thing
  • To obtain, receive or be given something
  • To currently have
  • To prepare for use
  • To understand something being said or read

action

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US / 'ækʃn /

UK / ˈækʃən /

A2
  • noun
  • Something that a person or thing does
  • verb
  • To act to do something

tell

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US / tel /

UK / tɛl /

A1
  • verb
  • To (strongly) advise a person to do something
  • To be able to guess
  • To say or communicate information to someone
  • To inform, but without speaking; indicate
  • To have a negative effect on someone
  • To order someone to do something; command
  • To recognize something based on certain signs
  • To report something to an authority
  • To explain something or teach someone something

ointment

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US / ˈɔɪntmənt /

UK / ˈɔɪntmənt /

C1
  • noun
  • Fatty substance applied to the skin for healing

number

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US / ˈnʌmbə(r) /

UK / ˈnʌmbɚ /

A1
  • noun
  • Symbols such as 1, 2, 56, 793
  • Particular song or dance performed during a show
  • Total quantity or amount of things
  • verb
  • To put numbers on things
  • To assign a sequence within a group, series, set
  • To claim to be part of a larger group, series, set

interesting

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US / ˈɪntrəstɪŋ /

UK / ˈɪntrɪstɪŋ, -tərɪstɪŋ, -təˌrɛstɪŋ /

A1
  • adjecitve
  • Taking your attention; making you want to know
  • verb
  • To make someone want to know about something
  • To persuade to do, become involved with something

forex

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US / 'fɔ:eks /

UK / 'fɔ:eks /

A1
  • abbreviation
  • Foreign exchange.

very

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US / 'verɪ /

UK / ˈvɛri /

A1
  • adjecitve
  • Concerning a large degree or amount
  • adverb
  • A lot; much; many
  • Used to stress or emphasize a noun

topic

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US / 'tɒpɪk /

UK / ˈtɑpɪk /

A2
  • noun
  • Subject or issue people talk or write about

risk

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US / rɪsk /

UK / rɪsk /

A1
  • noun
  • Actions that cause potential problems
  • verb
  • To do something potentially dangerous or foolish

they

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US / ðeɪ /

UK / ðe /

A1
  • pronoun
  • Two or more people, animals, or things

dollar

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US / ˈdɒlə(r) /

UK / ˈdɑ:lə(r) /

A1
  • noun
  • A basic unit of money equal to 100 cent

everything

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US / 'evrɪθɪŋ /

UK / ˈɛvriˌθɪŋ /

A1
  • pronoun
  • All of the things mentioned

underlie

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US / ˌʌndəˈlaɪ /

UK / ˌʌndərˈlaɪ /

B1
  • verb
  • To be the basis, foundation or cause of something
  • To lie or exist beneath

thank

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US / θæŋk /

UK / θæŋk /

A1
  • verb
  • To tell someone you are grateful to them

look

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US / lʊk /

UK / lʊk /

A1
  • noun
  • Person's beauty or physical attractiveness
  • Particular style of dress, clothes, or appearance
  • The way someone, something appears to be
  • Act of searching for or examining something
  • verb
  • To appear to be; seem

miss

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US / mɪs /

UK / mɪs /

A1
  • noun
  • Action of not hitting something or someone
  • Form of address to unmarried girl or woman
  • verb
  • To be absent
  • To fail to hit something e.g. a ball
  • To do without something
  • To fail to see or sense something
  • To fail to understand someone's message
  • To be too late to ride on something e.g. train
  • To feel you want to see someone who is not there

general

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US / 'dʒenrəl /

UK / ˈdʒɛnərəl /

A1
  • adjecitve
  • Widespread, normal or usual
  • noun
  • Top ranked officer in the army

believe

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US / bɪ'li:v /

UK / bɪˈliv /

A1
  • verb
  • To think or accept that something is true
  • To have a particular opinion about something

country

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US / ˈkʌntri /

UK / ˈkʌntri /

A1
  • noun
  • An area of land that is controlled by a government
  • Open land that is away from towns and cities

consistently

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US / kən'sɪstəntlɪ /

UK / kənˈsɪstəntlɪ /

B1
  • adverb
  • In a manner that is the same almost every time

bit

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US / bɪt /

UK / bɪt /

A1
  • noun
  • Device put in a horse's mouth to control it
  • Small piece of something
  • verb
  • (E.g. of fish) to take bait and be caught

take

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US / teɪk /

UK / tek /

A1
  • noun
  • Filming of a single scene for TV or the movies
  • verb
  • To accept something that is offered
  • To use a method of traveling, e.g. a bus or train
  • To use a camera to make (a photo)
  • To pick up something and go away with it
  • To study a subject in school
  • To attempt to pass (an exam)
  • To require a certain amount of time, money, space

bring

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US / brɪŋ /

UK / brɪŋ /

A1
  • verb
  • To take or go with someone to a place

close

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US / kləʊz /

UK / kloʊz /

A1
  • adjecitve
  • Almost; near
  • (Of a friend) well-known; liked by others
  • Being near or related
  • Similar; nearly the same
  • verb
  • To come progressively nearer to something
  • To end; to bring to an end
  • To make something shut; stop from being open

show

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US / ʃəʊ /

UK / ʃo /

A1
  • noun
  • False display of love, emotion or action
  • An event for displaying or promoting goods
  • Play, opera or theater production
  • Presentation that is broadcast on TV or radio
  • verb
  • To be easily seen or displayed
  • To display your emotions or feelings
  • To let someone see something; display
  • To explain or teach how something is done
  • To lead someone somewhere; point them to something
  • To prove something to be true, correct
  • To reveal or allow something to be seen

both

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US / bəuθ /

UK / boθ /

A1
  • determiner
  • Used to refer to two things at the same time
  • pronoun
  • Used to refer to two things at the same time

change

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US / tʃeɪndʒ /

UK / tʃendʒ /

A1
  • noun
  • Exchange of one set of clothes for another
  • Money in the form of coins instead of paper
  • Money returned after giving too much
  • Act of making or becoming something else
  • verb
  • To exchange one set of clothes for another
  • To exchange one kind of money for another
  • To replace something with another thing
  • To make or become something else
  • To go from one train, bus, etc. and go to another

weave

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US / wi:v /

UK / wiv /

B1
  • noun
  • Particular type of cloth made by crossing threads
  • verb
  • To make a cloth or baskets by crossing threads
  • To combine and connect ideas, stories, or themes
  • To move through but changing direction frequently

worry

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US / ˈwʌri /

UK / ˈwɜ:ri /

A1
  • noun
  • Something that causes trouble or concern
  • verb
  • To cause concern or trouble over something

sale

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US / seɪl /

UK / sel /

A2
  • noun
  • Event during which the prices of goods are reduced
  • Giving something for money; the amount sold

way

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US / weɪ /

UK / we /

A1
  • adverb
  • Used to emphasize the amount of something
  • noun
  • Particular aspect of something being thought about
  • One of various choices that could be made
  • Particular existing condition or state
  • (Often long) distance or length of time
  • How something is done
  • Route to go to a place
  • Small street
  • Usual behavior, emotions or habits of someone

yes

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US / jes /

UK / jɛs /

A1
  • adverb
  • Way to say you agree or will do something

their

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US / ðɛː /

UK / ðer /

A1
  • determiner
  • Belonging to them

reflect

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US / rɪ'flekt /

UK / rɪˈflɛkt /

A2
  • verb
  • To indicate or be a sign of something
  • To bounce back light, heat, sound from a surface
  • To show an image in glass, water, a mirror etc.
  • To think of something seriously and carefully

move

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US / mu:v /

UK / muv /

A1
  • noun
  • Act of moving a playing piece in chess, etc.
  • An action; doing something
  • Step taken to achieve a goal
  • verb
  • To cause someone to have certain emotions
  • To cause something to change to a different place
  • To change where people live or a business operates
  • To take action to do or achieve something

direction

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US / də'rekʃn /

UK / dɪˈrɛkʃən, daɪ- /

A2
  • noun
  • When someone tells people what to do
  • Describes the way you are going, e.g. North

china

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US / ˈtʃaɪnə /

UK / ˈtʃaɪnə /

A1
  • noun
  • A communist nation that covers a vast territory in eastern Asia; the most populous country in the wo
  • other
  • High quality porcelain originally made only in China

ago

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US / əˈgəʊ /

UK / əˈgoʊ /

A1
  • adverb
  • At a specified length of time in the past

who

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US / hu: /

UK / hu /

A1
  • pronoun
  • Which person
  • Used to introduce information about people

its

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US / ɪts /

UK / ɪts /

A1
  • adjecitve
  • Referring to or belonging to ‘it’
  • determiner
  • Of something; belonging or related to something
  • other
  • Possessive form of “it”

drop

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US / drɒp /

UK / drɑp /

A1
  • noun
  • Distance between a higher and a lower level
  • Act of letting something fall (from your hand)
  • A decrease in quantity or quality; reduction
  • Tiny amount of liquid, with rounded bottom
  • verb
  • To drive someone to a place and then drive away
  • To let something fall from your hand
  • To fall or lie down quickly, as when shot
  • To decide to stop something e.g. a course)
  • To (cause to) reduce in quantity or quality

chance

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US / tʃɑ:ns /

UK / tʃæns /

A1
  • adjecitve
  • Happening by luck; not planned
  • Taking a risk to try something
  • noun
  • The way something happens without planning
  • An opportunity; favorable circumstances, situation
  • The possibility that something will happen
  • verb
  • To occur just through luck; happen
  • To take a risk to try something

all

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US / ɔ:l /

UK / ɔl /

A1
  • adverb
  • Completely; totally
  • determiner
  • Being every one of something
  • pronoun
  • 100% of something; the complete amount

comfortable

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US / ˈkʌmftəbl /

UK / ˈkʌmfətəbəl, ˈkʌmftəbəl /

A2
  • adjecitve
  • Having more than enough e.g. money for your needs
  • Being relaxed, warm or happy

america

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US / ə'merɪkə /

UK / əˈmɛrɪkə /

A1
  • noun
  • The United States of America; North America and/or South America

deputy

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US / ˈdepjuti /

UK / ˈdɛpjəti /

B1
  • noun
  • Assistant to a leader who acts on his, her behalf

hinge

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US / hɪndʒ /

UK / hɪndʒ /

B2
  • noun
  • Metal piece that attaches a door/gate to the wall
  • verb
  • To be dependent on or caused by

unveil

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US / ˌʌnˈveɪl /

UK / ʌnˈvel /

B1
  • verb
  • To remove something's outer covering

tune

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US / tju:n /

UK / tun, tjun /

A2
  • noun
  • Group of musical notes that make a pleasant sound
  • verb
  • To make adjustments to equipment to make it better
  • To adjust to be at the right musical pitch
  • To modify how something operates, looks, e.g. car

neutral

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US / ˈnju:trəl /

UK / ˈnu:trəl /

B1
  • adjecitve
  • Something with pH value of 7
  • Having no positive or negative electrical charge
  • Not supporting either side in a war, etc.
  • Not taking either side in a debate; not involved
  • noun
  • Color that is dull and not bright, such as gray
  • The rest position for gears in a car or vehicle
  • Person/country not supporting a side in a war, etc.

final

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US / ˈfaɪnl /

UK / ˈfaɪnəl /

A1
  • adjecitve
  • That will not be changed; permanent
  • Being the last thing in a series
  • noun
  • Last game in a series in a competition

feeling

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US / ˈfi:lɪŋ /

UK / ˈfilɪŋ /

A1
  • noun
  • Sensation or emotion you experience
  • verb
  • To be aware of or experience an emotion, sensation
  • To sense through direct contact; touch

would

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US / wʊd /

UK / wʊd /

A1
  • other
  • Used to indicate something imagined
  • Used to ask or request something politely
  • Verb used to indicate possibility, request etc.
  • Used to indicate a preference
  • Used to indicate a reaction
  • Indicates something that occurred repeatedly
  • Used to indicate willingness or ability to do

unsure

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US / ˌʌnˈʃʊə(r) /

UK / ʌnˈʃʊr, -ˈʃə:r /

B1
  • adjecitve
  • Lacking confidence or certainty
  • Lacking confidence in your own words or actions

really

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US / ˈri:əli /

UK / ˈriəˌli, ˈrili /

A1
  • adverb
  • Used to stress something that is said; definitely
  • In a true or accurate manner
  • Very

pick

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US / pɪk /

UK / pɪk /

A1
  • noun
  • Sharp tool used for breaking the ground
  • Item selected from a group of choices
  • verb
  • To take fruit or vegetables from a plant or tree
  • To decide on a thing from various choices; select
  • To remove (flower, etc.) with your fingers

north

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US / nɔ:θ /

UK / nɔ:rθ /

A1
  • adjecitve
  • Coming from the opposite direction to the south
  • noun
  • Direction to your left when facing the rising sun

concerned

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US / kənˈsɜ:nd /

UK / kənˈsə:nd /

A2
  • adjecitve
  • Worried or anxious
  • verb
  • To be about a particular topic
  • To have a direct impact on someone
  • To be responsible or mixed up in; to be involved
  • To feel worry or anxiety

zero

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US / ˈzɪərəʊ /

UK / ˈzɪroʊ /

A1
  • noun
  • Temperature when water turns to ice
  • number
  • Number 0
  • verb
  • To set a scale or other device to show 0

good

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US / ɡʊd /

UK / ɡʊd /

A1
  • adjecitve
  • Proper, appropriate or right
  • (Of an amount) enough; plenty
  • Excellent; high quality
  • Acting well or properly; of moral character
  • In a positive or happy emotional state
  • noun
  • Advantage or benefit

especially

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US / ɪˈspeʃəli /

UK / ɛˈspɛʃəli, ɪˈspɛʃ- /

A1
  • adverb
  • More than usual; extremely

give

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US / ɡɪv /

UK / ɡɪv /

A1
  • noun
  • Degree of flexibility in something, a material
  • verb
  • To hand over or present something to someone
  • To cause someone to have or experience something

cut

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US / kʌt /

UK / kʌt /

A1
  • noun
  • Act/instance of reducing the size or amount of
  • Small opening made using a sharp object, knife
  • A wound on someone's skin caused by a sharp object
  • verb
  • To reduce the size or amount of something
  • To use knife or scissors to divide, open surfaces

but

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US / bət /

UK / bʌt,bət /

A1
  • conjunction
  • Used before you say something different, opposite

towards

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US / tə'wɔ:dz /

UK / 'təuədz, twɔ:dz /

A1
  • preposition
  • In the direction of someone or something

recent

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US / 'ri:snt /

UK / ˈrisənt /

A1
  • adjecitve
  • Happening or beginning not long ago

deliver

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US / dɪ'lɪvə(r) /

UK / dɪˈlɪvɚ /

A2
  • verb
  • To give birth to a child; help a woman give birth
  • To save someone from a problem or crisis
  • To keep a promise; do what you say you would
  • To present something to a group, as a speech
  • To take something to a person or place

decision

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US / dɪ'sɪʒn /

UK / dɪˈsɪʒən /

A1
  • noun
  • Choice made after thinking; final judgment
  • Ability to make quick and confident choices

canadian

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US / kəˈneɪdiən /

UK / kəˈnediən /

A1
  • adjecitve
  • Concerning the culture and people of Canada
  • noun
  • Person from Canada

pricing

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US / ˈpraɪsɪŋ /

UK / ˈpraɪsɪŋ /

A1
  • verb
  • To determine or set the cost of something

output

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US / 'aʊtpʊt /

UK / ˈaʊtˌpʊt /

A2
  • noun
  • Amount of something that is produced
  • verb
  • To produce data or information, as a computer

quite

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US / kwaɪt /

UK / kwaɪt /

A1
  • adverb
  • Not very; fairly
  • Very; In a complete or total manner

meaningfully

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US / ˈmiːnɪŋfəli /

UK / ˈmiːnɪŋfəli /

B1
  • adverb
  • So someone understands what is intended

maybe

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US / ˈmeɪbi /

UK / ˈmebi /

A1
  • adverb
  • Possibly but not certainly; perhaps

october

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US / ɒkˈtəʊbə(r) /

UK / ɑkˈtobɚ /

A1
  • noun
  • 10th month of the year

not

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US / nɒt /

UK / nɑt /

A1
  • adverb
  • Word indicating the negative
  • (Used to form the negative of verbs)

food

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US / fu:d /

UK / fud /

A1
  • noun
  • What people and animals eat to live
  • Things taken in by plants to maintain life
  • A particular style or type of cooking, e.g. Asian

hawkish

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US / ˈhɔ:kɪʃ /

UK / ˈhɔːkɪʃ /

A1
  • adjecitve
  • Wanting to go to war using the military

eurozone

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US / 'jʊərəʊzəʊn /

UK / 'jʊroʊzoʊn /

A1
  • noun
  • The economic region formed by those member countries of the European Union that have adopted the eur

measure

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US / ˈmeʒə(r) /

UK / ˈmɛʒɚ /

A1
  • noun
  • Plan to achieve a desired result
  • Tool used to calculate the size of something
  • verb
  • To determine the value or importance of something
  • To calculate size, weight or temperature of

now

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US / naʊ /

UK / naʊ /

A1
  • adverb
  • At the present time or moment
  • Right away or in the next possible moment
  • Used to refer to something that just happened
  • Time between the present and a moment in the past
  • conjunction
  • Resulting from or because of something

kathleen

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US / ˈkɑ:tɪŋ /

UK / ˈkɑ:rtɪŋ /

A1

globally

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US / 'ɡləʊbəlɪ /

UK / 'ɡloʊbəlɪ /

B1
  • adverb
  • Throughout the world

deal

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US / di:l /

UK / dil /

A1
  • verb
  • To cope with something - usually troubles
  • To give (something bad e.g. news) to
  • To buy and sell illegal drugs
  • To give out (cards, etc.) to; distribute
  • To do business with someone or to sell products

whether

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US / ˈweðə(r) /

UK / ˈhwɛðɚ, ˈwɛð- /

A1
  • conjunction
  • If something will happen or not

resume

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US / rɪ'zju:m /

UK / rɪˈzum /

B2
  • noun
  • A record of your achievements and qualifications
  • verb
  • To return to your seat, a place or position
  • To continue something after a pause or break

surprise

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US / səˈpraɪz /

UK / sərˈpraɪz /

A1
  • adjecitve
  • That surprises you; not expected
  • noun
  • Something unexpected that slightly shocks you
  • verb
  • To do something that another person didn't expect

sense

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US / sens /

UK / sɛns /

A1
  • noun
  • Certain mental feeling or emotion
  • Normal or clear state of mind
  • Meaning of a particular word, phrase or text
  • verb
  • To perceive using sight, sound, taste touch etc.
  • To recognize the presence of something

can

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US / kæn /

UK / kən,kæn /

A1
  • noun
  • A metal container for storing food
  • other
  • Able to; have the skill to; have the time to
  • verb
  • To have permission to
  • To be possible to do
  • To preserve food by sealing it in a metal container

want

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US / wɔnt /

UK / wɑnt, wɔnt /

A1
  • noun
  • Something you desire or wish for
  • State or condition of poverty
  • verb
  • To desire or wish for something; hope for a thing

yet

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US / jet /

UK / jɛt /

A1
  • adverb
  • At a later time (used after ‘not’)
  • (Used to emphasize that thing is, will be greater)
  • Eventually; at a future time
  • Until now; up to the present
  • conjunction
  • Adding to what has been said, often as a contrast

parse

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US / pɑ:z /

UK / pɑ:rs /

C1
  • verb
  • To analyze component parts of speech

expect

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US / ɪk'spekt /

UK / ɪkˈspɛkt /

A1
  • verb
  • To believe something is probably going to happen

elevate

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US / ˈelɪveɪt /

UK / ˈɛləˌvet /

B2
  • verb
  • To make something higher
  • To raise something in status, importance, feeling

from

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US / frəm /

UK / frʌm, frɑm,frəm /

A1
  • preposition
  • Starting at a particular place, time or level

hot

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US / hɒt /

UK / hɑ:t /

A1
  • adjecitve
  • Angry or excited
  • Being very good at something
  • Having a high temperature
  • Popular and causing a great deal of excitement
  • Attractive in a sexually exciting way
  • (Of food) very spicy
  • Stolen; dangerous to buy or trade in

out

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US / aʊt /

UK / aʊt /

A1
  • adverb
  • No longer stylish (e.g. fashion)
  • Away from home, business, or the usual place
  • In a direction/movement away from inside or center
  • noun
  • Act when a batter cannot continue playing
  • verb
  • To tell people a secret

row

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US / rəʊ /

UK / roʊ /

A2
  • noun
  • Loud argument or quarrel between people
  • Straight line of things, e.g. seats in classroom
  • Loud, unpleasant, and undesirable noise
  • verb
  • To move a boat using oars
  • To argue or quarrel loudly about something

depend

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US / dɪˈpend /

UK / dɪˈpend /

B1
  • verb
  • Be controlled or determined by (someone/something)

question

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US / 'kwestʃən /

UK / ˈkwɛstʃən /

A1
  • noun
  • Issue or problems you are dealing with
  • What you ask about; issue
  • verb
  • To ask for or try to get information
  • To have or express concerns or uncertainty

cool

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US / ku:l /

UK / kul /

A1
  • adjecitve
  • Steady and calm when facing difficulties
  • Almost cold; not warm or hot
  • Smart or stylish in a way (young) people admire
  • Unfriendly in an indirect way; distant
  • verb
  • To make something decrease in temperature
  • (Of an emotion, etc.) to become less strongly felt

improvement

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US / ɪmˈpru:vmənt /

UK / ɪmˈpruvmənt /

A2
  • noun
  • Addition or change that makes something better

discomfort

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US / dɪsˈkʌmfət /

UK / dɪsˈkʌmfərt /

B2
  • noun
  • Feelings of being uncomfortable or uneasy
  • verb
  • To cause to feel uncomfortable or not at ease

job

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US / dʒɒb /

UK / dʒɑ:b /

A1
  • noun
  • Something that must be done
  • Regular work at which you earn money

overall

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US / ˌəʊvər'ɔ:l /

UK / ˈovɚˌrɔl /

A2
  • adjecitve
  • Viewed as a whole; in general, not as details

per

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US / pə(r) /

UK / pɚ /

A2
  • preposition
  • In the manner directed or suggested
  • For each; during each

such

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US / sʌtʃ /

UK / sʌtʃ /

A1
  • determiner
  • Being similar to
  • (Thing) as previously stated or referred to
  • adverb
  • (Used to emphasize the quality of an adjective)

decimal

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US / 'desɪml /

UK / ˈdɛsəməl /

B2
  • noun
  • Number using one equal tenth of a whole as a basis

extremely

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US / ɪkˈstri:mli /

UK / ɪk'strimlɪ /

B1
  • adverb
  • In a way that is much more than usual or expected

fact

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US / fækt /

UK / fækt /

A1
  • noun
  • Something that is known or proved to be true

labor

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US / 'leɪbə(r) /

UK / ˈlebɚ /

A1
  • noun
  • The people with work in a community
  • All of the workers in a country, specific company
  • verb
  • To struggle to do something because it's difficult
  • To work hard (often physically) for many hours

much

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US / mʌtʃ /

UK / mʌtʃ /

A1
  • adjecitve
  • Very; to a high level or degree
  • adverb
  • A lot; large amount; a high degree of
  • Nearly; basically
  • On many occasions; often
  • noun
  • A large amount; a great quantity

oil

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US / ɔɪl /

UK / ɔɪl /

A2
  • noun
  • A liquid used for frying foods
  • Thick, black liquid in the ground used as fuel
  • verb
  • To add a liquid for frying foods
  • To put liquid in a machine so it will run smoothly

strong

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US / strɒŋ /

UK / strɔŋ /

A1
  • adjecitve
  • (Of tea or beer) dark or thick
  • Having big muscles; physically powerful

positive

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US / ˈpɒzətɪv /

UK / ˈpɑzɪtɪv /

A2
  • adjecitve
  • Showing agreement or support for something
  • Being sure about something; knowing the truth
  • Having the charge produced by electrons
  • Being good or useful
  • Showing that a chemical is present in a test

ppi

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US / ˌpiː piː ˈaɪ /

UK / ˌpiː piː ˈaɪ /

A1
  • abbreviation
  • Pixels per inch, a measure of the resolution of display screens, scanners, and printers.
  • Payment protection insurance, a form of insurance intended to cover loan or credit card repayments i

barrel

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US / 'bærəl /

UK / ˈbærəl /

B1
  • noun
  • A round container with curved sides and flat ends
  • Straight tube from which a bullet exits a gun
  • verb
  • To travel at high speed

gasoline

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US / ˈgæsəli:n /

UK / ˈɡæsəˌlin, ˌɡæsəˈlin /

B2
  • noun
  • Liquid we put in cars to make them run

everybody

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US / ˈevribɒdi /

UK / ˈɛvriˌbɑdi, -ˌbʌdi /

A1
  • pronoun
  • Every person; everyone

hemisphere

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US / ˈhemɪsfɪə(r) /

UK / ˈhɛmɪˌsfɪr /

B2
  • noun
  • One half of a rounded, ball-like object
  • One of the two masses forming the brain

mortgage

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US / 'mɔ:ɡɪdʒ /

UK / ˈmɔrɡɪdʒ /

B1
  • noun
  • Long-term loan from a bank for buying property

start

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US / stɑ:t /

UK / stɑrt /

A1
  • noun
  • First time or place that a thing exists; beginning
  • First opportunity to achieve something, e.g. a job
  • Sudden action or movement because you are scared
  • other
  • Beginning of something in place or time
  • verb
  • To do, be or happen for the first time; begin
  • To turn something on

well

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US / wel /

UK / wɛl /

A1
  • adjecitve
  • Being in a fortunate, good condition or state
  • Healthy and in good condition
  • adverb
  • In an acceptable, proper, or successful manner
  • In a complete, total, or full manner
  • A great and considerable degree
  • In a successful way, in a good or satisfactory way
  • exclamation
  • Used to begin or continue a particular statement
  • Used to show you want to start saying something
  • Used to express that you are waiting for a reply
  • You say this to change the topic of a conversation
  • Used to indicate you are making a final remark
  • noun
  • Long deep hole in the ground to get water
  • verb
  • To cause your eyes to fill with tears

cycle

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US / ˈsaɪkl /

UK / ˈsaɪkəl /

A2
  • noun
  • Series of regular and repeated actions
  • Bicycle, bike
  • verb
  • To go through a series of events repeatedly
  • To ride on a bicycle

just

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US / dʒʌst /

UK / dʒʌst /

A1
  • adjecitve
  • Proper or appropriate; as is deserved
  • Doing or being what is right or fair
  • Legally correct; having enough evidence
  • adverb
  • Almost; nearly
  • Exactly at the time of
  • Exactly (the same as, like)

report

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US / rɪ'pɔ:t /

UK / rɪˈpɔrt, ˈport /

A1
  • noun
  • Account of the necessary facts and information
  • The telling of news in the media
  • Official statement about something
  • verb
  • To submit a report or bill to the government
  • To write in a newspaper or speak on a news program
  • To state something officially
  • To officially present yourself to an authority
  • To describe something by telling it to others

subdue

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US / səb'dju: /

UK / səbˈdu /

B2
  • verb
  • To quieten someone down
  • To gain control over someone by using force

talk

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US / tɔ:k /

UK / tɔk /

A1
  • noun
  • Style of speaking
  • Discussion between two countries
  • Giving information in front of people; lecture
  • Saying things or ideas to someone with words
  • verb
  • To make a formal speech about something
  • To say things or ideas to someone with words

counter

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US / 'kaʊntə(r) /

UK / ˈkaʊntɚ /

B1
  • noun
  • A point in a discussion that puts an opposite view
  • A narrow table top for serving/preparing food
  • Person or device that adds the number of things
  • A token or flat piece used in games
  • prefix
  • Being opposite or against something
  • verb
  • To say or do something in opposition or resistance
  • To try to prevent, as by making a different point

those

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US / ðəʊz /

UK / ðoz /

A1
  • determiner
  • The people or things we are talking about
  • pronoun
  • The objects far from the speaker

basis

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US / ˈbeɪsɪs /

UK / ˈbesɪs /

A2
  • noun
  • Main ingredient or part of something
  • Starting situation, fact, idea to develop from

head

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US / hed /

UK / hɛd /

A1
  • noun
  • Counter for the number of cattle
  • Natural mental ability or intelligence
  • Leader or person with the greatest authority
  • Mind; mental ability; mental state
  • Side of a coin with a head on it
  • Top part of your body with eyes and a mouth
  • Starting point of something, e.g. a river
  • verb
  • To hit a ball with your head in a game
  • To be first or at the front or top (e.g. a list)
  • To travel or move toward a particular place; To go in a particular direction
  • To become the leader of something
  • To lead or be responsible for something

circumstance

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US / 'sɜ:kəmstəns /

UK / ˈsɚkəmˌstæns /

A2
  • noun
  • Condition or fact that affects a situation

hello

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US / hə'ləʊ /

UK / hɛˈlo, hə- /

A1
  • exclamation
  • What you say when you meet someone

for

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US / fə(r) /

UK / fɔr,fə /

A1
  • preposition
  • Used to show the purpose, or need of something

necessarily

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US / ˌnesəˈserəli /

UK / ˌnɛsɪˈsɛrəli, -ˈsɛr- /

A2
  • adverb
  • In a way that is needed/required/is unavoidable

through

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US / θru: /

UK / θru /

A2
  • adjecitve
  • having finished using or doing something
  • adverb
  • From the beginning of something until the end
  • preposition
  • Over, in, across an entire thing or place
  • Allowing you to pass between, or to
  • By a particular way or process; by the use of

why

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US / waɪ /

UK / hwaɪ, waɪ /

A1
  • adverb
  • Question word to ask for a reason
  • exclamation
  • (Used to express surprise or approval)

undertake

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US / ˌʌndə'teɪk /

UK / ˌʌndɚˈtek /

A2
  • verb
  • To begin; attempt; take on responsibility for

time

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US / taɪm /

UK / taɪm /

A1
  • noun
  • Speed at which music is played; tempo
  • Point as shown on a clock, e.g. 3 p.m
  • Number of hours, minutes needed to do something
  • Occasion when something happens
  • Period or occasion that something occurred
  • Period in history or the past
  • Something measured in minutes, hours, days, etc.
  • How long an event takes; duration
  • verb
  • To check speed at which music is performed
  • To choose a specific moment to do something
  • To measure how long an event takes, e.g. a race
  • To schedule something to occur at a specific moment
  • Subtitles section
  • Hello, thank you so much for tuning in to Morning Markets.
  • We've got a busy show for you.
  • We're awaiting the IPO of Instacart and we're going to speak with the fund manager who said a couple of months ago, the Nasdaq rally can continue.
  • It's far from frothy until we get Instacart's IPO.
  • Well here we are getting Instacart's IPO and he's not too keen to touch it.
  • He'll tell us why.
  • And as we look at the data in China, energy markets seems to be taking a little bit of discomfort, that we're seeing some signs of stabilization.
  • We're going to speak to Rashir Sharma, who thinks we may have reached peak pessimism when it comes to China.
  • And of course, markets are waiting for the Fed to unveil its latest interest rate decision.
  • They're sitting down today.
  • The decision is tomorrow.
  • We'll talk about how oil could be a complicating factor with Danielle DiMartino Booth, former Federal Reserve insider.
  • That's coming up in just 15 minutes time.
  • But first, we've got to deal with the inflation that just came out in this country.
  • It's hotter than expected for a second month in a row, sitting at around 4% on a headline basis, 4.1% on a core basis.
  • We saw pricing, the odds of a Bank of Canada rate hike increase on the back of this.
  • Let's bring in Carlos Capistrán, he's the head of Canada economics at Bank of America.
  • And Kathleen Lean is a managing director at BK Forex, for some perspective.
  • Carlos, coming into this number, you had written to clients that given the economic weakness that we've seen out of Canada, and the fact that the bank has already undertaken such a tremendous rate hiking cycle,
  • That we're probably close to the end, if not the end of the Bank of Canada raising rates.
  • Did today's inflation number change your mind?
  • No, it doesn't.
  • Hi, it was a big surprise, and certainly it puts upside risks to my call that the Bank of Canada is done.
  • We need to see, I mean, this is just one print, it was a bad print, for sure.
  • Not only because, as most people expected, headline inflation increased, it increased more than people expected, but basically for the reasons everybody thought it would increase, which is gasoline prices.
  • The problem really is that core inflation also increased, and that is not exactly what the Bank of Canada was looking for.
  • So certainly this means that there are upside risks for the Bank of Canada.
  • They could hike again.
  • I'm thinking the economy already contracted, the unemployment rate seems to have bottomed out.
  • So I will wait for the next inflation print, make up my mind.
  • There's one inflation print before the October Bank of Canada decision, but I still think they are done.
  • You know, you mentioned where we are in the economy right now.
  • The last time Canada sort of missed on inflation earlier in the year by just a decimal point, Bank of Canada came off the sidelines, resumed its rate hiking.
  • What is different this time?
  • What is different is that the other data point that surprised then was GDP growth in the first quarter.
  • It was a big surprise to the upside, and it made the Bank of Canada revise the measure of output gap that they have.
  • And I think the surprise and the fact that they had to hike again had more to do with the re-acceleration of the economy than what happened to inflation.
  • So unless I see re-acceleration of the economy, I still think that they are done.
  • Now if we start getting some data that shows that the unemployment rate goes down, that the labor market remains extremely tight, accelerate, the GDP accelerates, then I could be concerned.
  • But that doesn't seem to be the case with the data that we have now.
  • Cathy, we saw the reaction in the currency market.
  • The Canadian dollar spiked.
  • We saw yield spiking and got this hot print on the inflation side.
  • You've got oil prices moving higher.
  • What does this mean for the direction of the loonie?
  • Well, we have been positive loonie throughout the past couple of weeks on the back of the recent increase in the oil prices, as well as the overall performance of Canadian data.
  • I actually think that the Canadian data has been consistently positive in the sense that we had an improvement in the IVPMI.
  • We had a job report stronger than expected.
  • We had PPI, CPI stronger than expected, and we have retail sales later this week that I can think will also show some strength.
  • So I do believe that there's further upside in the Canadian dollar.
  • If you were just talking about interest rate hikes, and in some ways, and certainly not as weak of a degree, the Canadian economy is similar to the Eurozone, as well as the UK economy.
  • And both of those central banks are either just raised interest rates or looking to raise interest rates this week.
  • The ECB surprised with a quarter point hike.
  • The Bank of England is looking to raise it by another 25 basis points.
  • So I think that the chance of another Bank of Canada rate hike is greater than the market anticipates.
  • And in some ways, the recent strength of the Canadian dollar reflects that.
  • I think the Bank of Canada is very much an inflation-fighting central bank, and the latest numbers will worry them.
  • And if you take a look at the Northern Hemisphere and North America in general, it's certainly outperforming other parts of the world.
  • And that is what is creating the overall demand for the currency.
  • And that's certainly on the radar because the outperformance of the economy, I think, could lead the central bank to deliver that final rate hike.
  • We may not have seen the last one yet.
  • That's interesting.
  • And Carlos, I'd love for you to pick up on that point, because it's sort of counter to how you're viewing it.
  • And it may all hinge, and does it all hinge on energy prices?
  • How do you expect the bank to think about that?
  • Because I think their own forecasts of crude have it at $75 per barrel.
  • Well, certainly oil prices is something that is going to help the economy, and it pushes inflation up.
  • Traditionally, the Bank of Canada looks through the increase in inflation that comes after higher oil prices.
  • These are different circumstances, for sure.
  • And don't get me wrong.
  • I mean, of course, the risk is that the Bank of Canada needs to hike again.
  • And this inflation report that we saw today goes in that direction.
  • It's just that when I put everything together, I still think that the rate is already quite high, and it takes time for the rate to impact the economy, although it seems that we have already seen some impact on the economy.
  • So I think they are good.
  • Of course, they remain extremely hawkish, and of course, they can hike again.
  • Yes, for sure, that can happen.
  • All the risk is on that side.
  • And again, as I mentioned, I think it will depend on the next inflation print.
  • If we continue to see this re-acceleration of inflation, then yes, they can hike again.
  • But we'll see.
  • If core inflation, as I expect, resumes the downward trend, then I think that they could wait a little bit more before thinking about hiking again.
  • You know, there's all sorts of ways, you both know this, to torture the inflation data, to sort of confirm the narrative that you want.
  • And some who say we've reached, we've done the job and inflation will point to when you strip out energy, when you strip out the rising costs associated with rate hikes that have filtered through in mortgage costs,
  • You are seeing areas of subdued pricing action.
  • Even food inflation, which is still elevated, came down meaningfully from the month before.
  • Cathy, could this be a fly in the ointment when it comes to your expectation that we could get another rate hike, that when you parse the data, it's easy to make a case that, okay, underlying inflation is cooling?
  • There's no question that underlying inflation is cooling globally.
  • But the question is, is it cooled enough for central banks to feel that they've done, you know, as you said, done the job.
  • And I think from what we've heard from the European Central Bank, what we heard from the brand new Reserve Bank of Australia governor, and we'll probably hear from the Federal Reserve tomorrow, is that they think inflation is still too high.
  • So I don't necessarily feel that the Bank of Canada feels that their job is done either, especially when all these other central banks are feeling that they're unsure about whether, you know, core inflation has dropped and would drop on a continuous basis back to the levels they feel comfortable with.
  • I don't think that we're there yet because, you know, we're not at $100 oil yet, but we could be there, you know, in a couple of weeks.
  • And that will really translate into, you know, more increases in prices for gas and things like that, that could lead to inflation remaining stickier than they would like.
  • Carlos, Deputy Governor Sharon Kozicki speaking this afternoon, not on this topic, but it'll be interesting to see if she finds a way to weave in today's inflation print.
  • What will you be looking for?
  • What kind of clues, what kind of answers do you want about how the bank is thinking about the inflation print?
  • Well, I would be looking at what they say about, for instance, the output gap.
  • I mean, in my view, the output gap in Canada has peaked.
  • And what this means is that although the job on inflation is not done yet, as long as the output gap is going down and getting towards zero, this means that the Bank of Canada and other central banks may not need to hike more.
  • So this, of course, again, the job is not done on inflation, so they are far away from cutting.
  • But the question is, could they just remain here?
  • The rate is already above neutral.
  • So this is a tight monetary policy.
  • So maybe they can just sit here for many months and wait until inflation goes down.
  • So I would look for cues on how they see the output gap and where this is going.