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Tag: Bank of Canada


Capital and Risk, Macroeconomic

USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

January 25, 2024

Via: DailyFX

Yesterday the Bank of Canada (BoC) kept rates unchanged in line with broad expectations. However, the bank did signal that interest rates have peaked via a change in the wording of the January 24th statement. The committee decided to move […]


Capital and Risk, Liquidity

US Dollar Price Action Setups: USD/CAD Tepid After BoC Decision, USD/JPY Wavers

December 6, 2023

Via: DailyFX

USD/CAD (U.S. dollar – Canadian dollar) retained a negative bias on Wednesday after the Bank of Canada voted to keep interest rates unchanged at 5.0%. While the decision to maintain the status quo was largely anticipated, the BoC left the […]


Capital and Risk, Liquidity

USD/CAD Forecast: Bank of Canada’s Outlook to Shape Canadian Dollar’s Trajectory

July 10, 2023

Via: DailyFX

The Bank of Canada will announce its July monetary policy decision on Wednesday. Markets expect the central bank to raise borrowing costs by 25 basis points to 5.0%, the highest level since 2001, as part of the ongoing fight against […]


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 […]