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 higher as US suspends auto tariffs

The Canadian dollar is steady on Thursday after gaining around 1% over the past two days. In the European session, USD/CAD is trading at 1.4351, up 0.07% on the day. We could see some volatility from the Canadian dollar over the next two days, with the release of the Ivey PMI today and the employment report on Friday. US suspends auto tariffs but trade tensions with Canada remain The Trump tariff saga took a twist on Wednesday, as the US announced it would exempt automakers in Canada and Mexic

06-03-2025 05:42 GMT by Kenneth Fisher

Canadian dollar eyes Canada's GDP

The Canadian dollar is calm in the European session, trading at 1.4438, up 0.02% on the day. Later today, Canada releases GDP and the US publishes the Core PCE Price Index. USD/CAD has rallied for five straight trading days, gaining 1.8% during that time and hitting a three-week high. Canada's GDP expected to rebound in January.

28-02-2025 06:31 GMT by Kenneth Fisher