Markets

Here comes the Bank of Canada…

The Bank of Canada is expected to hold its key rate steady at 1.5% on Wednesday. The central bank has emphasised taking a gradual approach to raising rates. The decision comes just as the trade officials restart talks on NAFTA, which President Donald Trump has threatened to exclude Canada from. […]
Here comes the Bank of Canada…
Markets

Here comes the Bank of Canada…

The Bank of Canada will announce its latest interest rate decision on Wednesday. The central bank is expected to hold its key rate steady at 1.25%. That’s amid NAFTA negotiations and disappointing housing market data. The Bank of Canada is expected to hold its key interest rate steady Wednesday morning […]
Here comes the Bank of Canada…
Markets

Bank of Canada holds key rate as expected, Canadian dollar falls

The Bank of Canada left its key rate unchanged at 1%, as expected. The BOC noted improvement in the jobs market following the unemployment rate’s drop to a nine-year low in November. The BOC said it will continue to be cautious and data-dependent. The Bank of Canada held its key […]
Bank of Canada holds key rate as expected, Canadian dollar falls
Markets

Canada lifted rates, and its dollar went nuts

The Canadian dollar rose to an 11-month high against the greenback overnight, after the Bank of Canada’s decision to raise interest rates. The BoC moved the benchmark cash rate up by 0.25% to 0.75%, and the “loonie” is buying more than US78 cents for the first time this year: While […]
Canada lifted rates, and its dollar went nuts