Bank Of Canada (BoC)

Until a few months ago, the Canadian economy was firing on all cylinders. The Bank of Canada responded with hiking interest rates while maintaining a hawkish view. But since October last year, the BoC has put a break on the rate hikes.…
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German PMI Falls to Near 6-Year Low Earlier, data from Europe saw German and French PMIs falling back into contractionary levels. Germany's Flash manufacturing PMI declined to 44.7, a near 6-year low. Meanwhile, services came out somewhat…
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The Bank of Canada held its monetary policy meeting last week on Wednesday. As widely expected, the central bank left the key interest rates unchanged amid a sudden and a sharp slowdown in the nation’s economic growth in the final months of…
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The U.S. dollar maintained the bullish momentum although the pace of gains was somewhat smaller. On the economic front, the data from the eurozone was relatively quiet. NY Trading Session The NY trading session saw the February private…
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The U.S. dollar posted strong gains on the day as commodities such as gold and silver continued to extend the declines. China announced that it was targeting a GDP growth rate of 6.0-6.5% for 2019. It raised the budget deficit to 2.8%…
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The Bank of Canada will be holding its monetary policy meeting this week. Given the recent patch of economic data, it is unlikely that the central bank will be pushing for rate hikes. The OIS money markets are also signaling no change to…
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The week ahead will see central bank meetings from the Reserve Bank of Australia and the Bank of Canada. Both the central banks are expected to leave interest rates unchanged. On the economic front, the fourth quarter GDP results from…
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EURCAD or EUR/CAD is notation used to designate the currency pair made up of the euro and the Canadian dollar, and is sometimes called the "younger loonie," or "loonie 2". The value indicates how many Canadian dollars (the quote currency)…
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Consumer prices released from Canada last week showed that inflation increased, surprising the market to the upside. The unexpected acceleration should not change the Bank of Canada's current wait-and-see mode. The Bank of Canada held…
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CADJPY or CAD/JPY is the symbol used for the currency pair consisting of the Canadian Dollar and the Japanese Yen. One of the lesser-known crosses, it doesn't have a nickname. The value shows how many Japanese yen (the quote currency) are…
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