bank of canada

The Bank of Canada held its monetary policy meeting last week. Interest rates were left unchanged at 1.25% as widely expected. But, the central bank surprised by signaling that the next rate hike could be coming soon despite uncertainties surrounding global trade. The BoC has hiked interest rates three times since mid last year. This came aft...

2018-06-08 John Benjamin Read more
BOC_Poloz

The Bank of Canada will be meeting tomorrow for its monthly monetary policy review. According to the economists polled, the central bank is expected to hold back from hiking interest rates any further. Thus, the BoC's overnight cash rate is expected to remain steady at 1.0%. The BoC had previously surprised the markets with a back to back rate ...

2018-01-25 John Benjamin Read more
CAD crosses_USDCAD

The Bank of Canada, in its first monetary policy meeting this year maintained the key overnight lending rate steady at 0.50%. The BoC's monetary policy decision to keep interest rates steady was widely expected. The central bank had last cut interest rates by 25 basis points in July 2015. The central bank's monetary policy statement, however, s...

2017-01-19 John Benjamin Read more