boc Archives

Markets Oct. 25, 2018, 12:36 AM

Here comes the Bank of Canada…

The Bank of Canada is expected to raise borrowing costs. Economists forecast the central bank will increase its benchmark interest rate by 25 basis points to 1.75%. Watch the Canadian dollar trade in real time here. The Bank of Canada is widely expected to raise short-term borrowing costs Wednesday and […]

Markets Jul. 11, 2018, 11:28 PM

The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5%

The Bank of Canada is raised its key rate on Wednesday by 25 basis points to 1.5%. It marks the fourth rate hike since last summer. Follow the Canadian dollar in real time here. The Canadian dollar climbed Wednesday after the country’s central bank raised its key rate by 25 […]

Markets Jun. 1, 2018, 4:10 AM

A July rate hike in Canada is ‘a lot less of a done deal’ after GDP slows

Canadian GDP grew 1.3% in the first quarter of 2018. A slowing housing market is weighing on economic activity. Some economists say a Bank of Canada rate hike next month now looks a lot less likely. After economic activity in Canada slowed more than expected in the first quarter, some […]

Markets Jan. 15, 2018, 1:41 PM

Investors think there’ll be plenty of rate hikes this year, including one in Australia

If financial markets are on the money, it looks like there’ll be even more rate hikes from major central banks this year, including in Australia. That point is rammed home by the chart below from the National Australia Bank (NAB). It shows market pricing for a 25 basis point interest […]

Markets Oct. 23, 2017, 4:55 PM

6 reasons why the Bank of Canada won’t hike interest rates again this year

Of all the major central banks this year, few have been as busy as the Bank of Canada (BoC). After lifting interest rates for the first time since 2010 in August, it followed that increase up with another in September, taking its key overnight rate back 1%. This week it […]

Markets Sep. 8, 2017, 9:32 AM

Here’s why the RBA is unlikely to follow Canada in lifting interest rates near-term

Earlier this week the Bank of Canada (BoC) lifted interest rates for the second time in two months, taking its key overnight rate to 1%. “Given the stronger-than-expected economic performance, Governing Council judges that [the] removal of some of the considerable monetary policy stimulus in place is warranted,” the bank […]

Markets Jul. 10, 2017, 10:15 AM

Goldman Sachs doesn’t think the Bank of Canada will hike rates this week

In an otherwise quiet week for financial markets, the Bank of Canada’s (BoC) July monetary policy decision on Wednesday will be the undisputed headline act. In the space of just a few weeks, expectations of a rate hike have moved from highly unlikely to highly probable, fuelled by a series […]

Markets Jul. 3, 2017, 2:05 PM

Bullish wagers on the US dollar just fell to the lowest level in a year

Currency traders are continuing to pull their bullish US dollar bets, mirroring the recent price action in the greenback. According to figures from the US Commodity Futures Trading Commission (CFTC) on Friday, net long speculative positioning in the US dollar fell to the lowest levels in a year last week, […]