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BOC Drops its Hawkish Bias, USD/CAD Breaks Above 1.3500

April 24, 2019 11:20 AM
To the surprise of no informed market participant, the Bank of Canada left interest rates unchanged at 1.75% in today’s monetary policy meeting. A pre-meeting Bloomberg poll of 24 economists showed this result was unanimously expected, so the “decision” itself didn’t lead to any meaningful market moves...

BOC Preview: Will Poloz and Company Shift into Neutral This Month…Or Next?

March 5, 2019 5:28 PM
The Bank of Canada will deliver its interest rate “decision” and monetary policy statement in tomorrow morning’s US session. According to futures markets, traders are not expecting any changes to monetary policy tomorrow and only a 16% chance of a rate hike by the BOC’s July meeting.

Week Ahead: Three Major Central Bank Decisions and NFP

March 1, 2019 1:27 PM
Looking ahead, the upcoming week features interest rate decisions from three major central banks (RBA, BOC, and ECB), while data highlights include UK and US services PMIs, Aussie GDP, Chinese trade figures and jobs reports from both North American nations.

BOC unlikely to hike but Canadian dollar may rise nonetheless

January 9, 2019 6:10 AM
The Bank of Canada is going to make a decision on whether to follow the US Federal Reserve and hike interest rates by 25 basis points when it concludes its meeting later on today.

USD/CAD Blasts Off to 18-Month Highs on BOC, OPEC on Tap

December 5, 2018 12:54 PM
Despite US stock and bond markets closed in honor of President George H. W. Bush’s passing, we’ve seen a surprising amount of volatility in the FX market.