Tag: Bank of Canada

Capital and Risk, Liquidity

USD/CAD Breaking News: Loonie Retreats on Canadian Labor Data

September 9, 2022

Via: DailyFX

BIG MISS ON CANADIAN EMPLOYMENT HAS MARKETS FAVORING USD After the Bank of Canada (BoC) hiked interest rates by 75bps on Wednesday, CAD bulls built up a head of steam prior to today’s labor release. Markets overexuberance in the dollar […]

Activity, Corporate Banking

USD/CAD Continues Higher Despite Bank of Canada Inflation Mandate Extension

December 14, 2021

Via: DailyFX

Overnight, the Bank of Canada (BoC) agreed to extend the 2% annual inflation mandate, which was set to expire on January 1. This allows BoC policymakers more flexibility in combating rising prices while waiting for the economy to absorb labor […]