Bank Of Canada (BoC)

The British pound was the strongest currency last week, rising broadly and closing 1.01% higher against the dollar. The gains in the Sterling came with opinion polls showing the stay camp taking a lead over the 'leave' camp in the Brexit…
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The Bank of Canada will be meeting later today for its monthly monetary policy meeting. Interest rates, currently at 0.50% are expected to remain unchanged amid encouraging data over the past month. While inflation has been somewhat shaky,…
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Image via © Bank of Canada 9151 / Flickr As widely expected, the Bank of Canada left the benchmark interest rates unchanged at 0.50%. In the statement, the BoC noted that financial market volatility was abating and that the fourth quarter…
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On Wednesday, the Canadian dollar pulled back its gains versus the USD neighbor, throwing the USD/CAD pair in the 1.4630 area to test the support line. The pair started the descending after the US consumer price release. According to the…
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On Wednesday, UK's Markit/CIPS services Purchasing Managers' Index (PMI) revealed a stabilized growth in the country's service sector falling marginally to 55.5 from November's 55.9, still maintaining the survey's long-run average of 55.2 -…
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On Wednesday, the European shared currency prolonged its losses against the greenback, pushing the EUR/USD pair in the vicinity of 1.06. The trend tested the critical support line from 1.06 after the release of flash CPI (Consumers Price…
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The Bank of Canada's monetary policy is due for release today at 1400 GMT. The market consensus expects to see the BoC keeping interest rates unchanged at its meeting today. Economic data from Canada over the past month has shown signs of…
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With Greece stepping out of the picture, we can safely (but still with caution) turn our attention to China, which has reported a 7% growth in its GBP for Q2, exceeding the already positive forecast of 6.9%. The industrial sector output…
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Greek lawmakers finally managed to pass the bailout agreement that would see the country on course to receive its 3rd bailout while being considered for a bridge financing loan from the EFSF for the interim. The bailout parliamentary vote…
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The Bank of Canada meets later this evening during the US trading session and is expected to release its monetary policy statement at 1400 GMT. On the table is the speculation whether the Bank of Canada will deliver another rate or if it…
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