Tag Archives: Bank of Canada

Since its January meeting, the Bank of Canada has refrained from using the phrase “the bank is still ready to raise interest rates if necessary,” which was previously a frequent mention in its statements. This adjustment comes at a time when the market anticipates rate cuts by other central banks. …

The Bank of Canada is expected to maintain a 5% interest rate at its upcoming meeting, with a possible first rate cut in June. This approach will allow the Bank to monitor GDP figures and their impact on the interest rate’s outlook, as economic analysts believe the Canadian economy is …

During the North American day, the Canadian dollar is trading quietly, with the USD/CAD exchange rate currently down 0.07% at 1.3517. In the hopes of learning more about the Fed’s potential future interest rate path, investors are eagerly awaiting the release of the FOMC January meeting minutes later today.After the …

The USD/CAD pair experienced early declines before rebounding into an intraday high of 1.3530 after Canadian Consumer Price Index (CPI) inflation fell faster than expected. This softened the Canadian Dollar (CAD) across the board. Markets will focus on the Federal Reserve (Fed) and the Federal Open Market Committee (FOMC) as …

The Canadian dollar rose on Tuesday due to better-than-expected Canadian Consumer Price Index (CPI) inflation, which beat expectations and gave the Canadian Dollar a slight boost. The rest of the week sees a steady trickle of Canadian data heading into the holiday shutdown, including the Bank of Canada’s latest Summary …

In November, inflation in Canada, as measured by the change in the Consumer Price Index (CPI), held steady at 3.1% on a yearly basis. This figure surpassed market expectations, which had anticipated a rate of 2.9%. The higher-than-expected inflation rate suggests stronger upward price pressures in the Canadian economy during …

Governor of the Bank of Canada Tiff Macklem said that unless the central bank is certain that the economy is returning to price stability, it is still too soon to think about cutting interest rates. The USD/CAD pair was last seen at 1.3372 and was headed for its lowest weekly …

The US dollar has been softer despite the recent slew of US data, including Retail Sales and Jobless claims. The US Dollar Index dropped further on Thursday, extending the negative momentum that followed the FOMC statement. The dovish signals from the Fed have weighed on the US Dollar, which remains …

The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand”. The tone of the statement hints at no rate hikes …

As the US Dollar sees a broad-market recovery on the back of renewed risk aversion, the Canadian Dollar gave up some of its gains from the previous week. On Monday, the Canadian dollar is down about 0.3 percent versus the US dollar. The Canadian Dollar is facing downside pressure as …