Bank of Canada (BoC) news

The Bank of Canada (BoC) is Canada's central bank. Its principal role is to promote the economic and financial well-being of Canada. The BoC uses monetary policy tools to influence economic activity and maintain the stability of the Canadian financial system.

Canadian dollar drops after soft Canadian jobs report

The Canadian dollar is steady at the start of the week. USD/CAD is trading at 1.4356, down 0.11% on the day. The Canadian dollar declined 0.50% on Friday after Canada's job report was weaker than expected. Canada's job growth grinds to a halt Canada's economy gained only 1.1 thousand jobs in February, well short of the market estimate of 20 thousand and following a strong gain of 76 thousand in January. The labor market showed a burst of hiring over the past three months but fell flat in Feb

10-03-2025 06:11 GMT by Kenneth Fisher

Weekly Market Outlook: Trigger Uncertainty, Nasdaq in Correction & US CPI Data Ahead

Markets experienced turmoil this week, driven by investor concerns over the Trump administration's tariff policies. The US dollar is on track for its worst week in over a year, Nasdaq entered a correction. The Bank of Canada may cut rates due to tariff impacts and economic concerns. US CPI is also due in the week ahead, will it rescue the ailing US Dollar? Read More: Bitcoin’s (BTC/USD) Wild Ride – Open Interest, ETF Flows Amid Trump’s Crypto Remarks Week in Review: Fear is Rising but US Labor

07-03-2025 14:34 GMT by Zain Vawda