Tag Archives: BoC

Retail Sales in Canada declined by 0.5% on a monthly basis in September, the data published by Statistics Canada revealed on Tuesday. This reading followed August’s increase of 0.4% and came in slightly better than the market expectation for a decrease of 0.7%. Further details of the publication revealed that …

“Canadians should expect even more rate hikes to come on top of six that have already happened this year,” said Bank of Canada Governor Tiff Macklem during an interview with CBC News late Thursday.As for price reaction, the USD/CAD pair bears take a breather at a seven-week low, around 1.3323 …

“We expect our policy rate will need to rise further”, said Bank of Canada (BoC) Governor Tiff Macklem. Macklem also noted that how much further rates go up will depend on how monetary policy is working, how supply challenges are resolving and how inflation is responding to this tightening cycle.“We …

Gold prices settled in a narrow range on Friday after caution prevailed ahead of next week’s much-watched Federal Reserve meeting for any signs of a slowing in interest rate hikes. Gold prices did not witness little change in spot transactions and amounted to $ 1663.62 an ounce by 0521 GMT, …

Gold prices fell on Thursday as the dollar rose, while investors awaited economic data amid expectations that the Federal Reserve may slow the pace of interest rate hikes after November. And gold fell in spot transactions 0.1 percent to $ 1662.79 an ounce by 0952 GMT, and US gold futures …

Gold is on the edge of an important bullish reversal, but it all depends on the Fed’s policy expectations. Technically, the bulls need to hang on above hourly support and break a daily H&S neckline. US bond yields have slipped on expectations that the Federal Reserve will temper its aggressive …

Bank of Canada Governor Tiff Macklem responded to questions from the press following the bank’s decision to raise the policy rate by 50 basis points to 3.75%.The USD/CAD pair continues to trade in negative territory following the press conference and was last seen losing 0.35% on the day at 1.3560.Key …

The USD/CAD pair falls below its opening price by 0.57% as expectations and bets accelerate on Fed’s intention to slow the pace of policy and monetary tightening. These bets do weaken the US Dollar.Disappointing US housing data and consumer confidence deterioration also hurt the American dollar. Estimates refer to the …

The USD/CAD pair trims some of last Friday’s losses, so it is up by 0.46% on Monday. Worse-than-expected US economic data and a risk-off mood in are among factors that significantly boosted the US Dollar.The USD/CAD marches firmly amid a risk aversion due to S&P Global PMIs hinting that global …

The data published by Statistics Canada revealed on Friday that Retail Sales grew by 0.7% on a monthly basis in August following June’s sharp contraction of 2.5%. This reading came in better than consensus estimates pointing to a modest rise of 0.4%. The USD/CAD pair, meanwhile, moves little following the …