Tag: BOC
Canadian Dollar steady on Strong Labor Report
Canadian employment figures in January showed an impressive increase in job creation. Employment increased by 37,300, far exceeding the market forecast of 15,000, while...
As a Commodity Currency, CAD Gets Support from Rising Oil Prices
The Bank of Canada kept the overnight interest rate at 5.00%, as expected. As stated, the BOC remains concerned about risks to the inflation...
GBPCAD: 2024 Time to Ease Interest Rate Policy?
Past interest rate hikes have already begun to impact corporate and household spending and the economy is essentially standing still from mid-2023 to mid-2024,...
Market Update – June 8 – Ripples from the BOC Reverberate
The USDIndex continues to rotate around 104.00 holding its positive bias, the BOC surprised with a 25 bp rate hike after no changes since...
CADCHF Displaying Inverted Head & Shoulders Ahead of BOC Announcement
CADCHF, D1
Most market participants now, anticipate the BOC to raise interest rates in today's meeting, after being silent during the previous 2 meetings. GDP...
Market Update – June 7 – Stocks at 2023 Highs, Weak Chinese Data ...
The USDIndex rotates around 104.00 holding its positive bias, emerging market currencies weaker (USDTRY at record high 22.7200) Stocks closed positively with US500 at...
