Bank Of Canada (BoC)

The Bank of Canada is out in the forefront when it comes to easing, having already cut in June and July. Economists are unanimous in their agreement that the BOC will cut again at the conclusion of its two day meeting on Wednesday. The…
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USDCAD jumps as The Bank of Canada cuts again The Bank of Canada lowered its interest rate again by 25 basis points in hopes of continuing its balance sheet normalisation policy. This has led to a significant drop in the Canadian dollar,…
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BOC Rate Decision: Cuts Keep Coming The year-long trend of the CAD weakening against the greenback is expected to continue with the BOC's rate decision today. Canada's inflation has been cooling off faster than its southern neighbor's as…
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After the events of the last week in global politics, it seems that risk aversion is back in vogue. Interest rates in both the US and Europe trended higher overnight, a suggestion that investors are starting to worry about uncertainty in…
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XAUUSD holds the $2300 level The yellow metal remains indecisive as upticks in US data see price action under pressure after the recent sell off. A boost in initial jobless claims was balanced by an upwardly revised GDP print that met…
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XAUUSD pressured by progressive NFP data Gold softens as a surprise boost in NFP data saw the dollar jump. The correlation between the yellow metal and the greenback resumed, with a sell-off breaking many supports. After Jerome Powell…
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USDCAD pushes higher The Canadian dollar spiked as the BOC became the first G7 nation to begin cutting rates. A jump towards 1.3740 confirmed a triple top before price action moved lower. The psychological level of 1.3600 on the daily…
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BOC Rate Decision: It's Not Just the CAD in Play The BOC is widely expected to cut rates when it meets tomorrow, which naturally will be the big news for the CAD. But, given the similarities and interconnectedness with the US economy,…
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Canada Employment: Foreshadowing for Central Banks? Tomorrow Canada will report its monthly labor statistics. Normally this data gets overshadowed by the release of US NFP at the same time. But this time Canada is reporting one week after…
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