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.

USD/CAD unmoved by Bank of Canada rate cut

The Canadian dollar is almost unchanged on Wednesday, after the Bank of Canada cut rates at today’s meeting. In the North American session, USD/CAD is trading at 1.3778, up 0.05% on the day at the time of writing. Bank of Canada lower rates The Bank of Canada lowered rates by 25 basis points, bringing the key interest rate to 4.50%.

24-07-2024 12:15 GMT by Kenneth Fisher

USD/CAD stalls after Canadian PMI data and Fed Chair Powell's remarks. Where to next?

USD/CAD is rangebound, frustrating traders, thanks to a host of factors from rate differentials to rising oil prices. Canadian PMI data has been softer than expected, with decreased output, new orders, and employment. Stronger oil prices have kept the Canadian dollar supported of late.

02-07-2024 13:05 GMT by Zain Vawda