Tag: BOC
USDCAD: Data Support for BoC Cut
The Bank of Canada (BoC) will announce its monetary policy decision this week, where consensus expects the BoC to increase its pace of monetary...
Disinflation Strengthens the Case for BOC Rate Cut
The Canadian Dollar depreciated to near $1.3800 - its weakest level since mid-August, fuelled by broad dollar strength on the prospect of the Federal...
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...
