Tag Archives: Gravelle

Despite the fact that GDP surged in the first quarter, many predict that the Bank of Canada will keep rates on hold on Wednesday as inflation cools and due to stress in the global financial system. The Bank of Canada halted its tightening campaign last month, setting its benchmark rate …

Bank of Canada’s Deputy Governor Toni Gravelle said on Wednesday that the BOC is ready to act in the case of severe market-wide stress and provide liquidity support to the financial system.The USD/CAD pair was last seen losing 0.15% on the day at 1.3580 and showed no reaction to these …

Bank of Canada Deputy Governor Toni Gravelle said on Thursday that concerns about upside inflation risks are heightened much more than usual. “We are likely to react a little bit more readily to the upside risk given it’s already above our inflation-control range”, Gravelle added.For reference, the bank’s inflation-control range …