Keywords: Bank of Canada


Canadian dollar climbs to eight-week high after strong employment figures

The Canadian dollar strengthened to its highest level in nearly two months on Friday after a robust employment report reinforced confidence in Canada's economic momentum while weaker-than-expected U.S. labor data weighed on the U.S. dollar. The currency appreciated against its U.S. counterpart,......

Bank of Canada expected to keep interest rates unchanged as inflation pressures ease

The Bank of Canada (BoC) is widely expected to leave its benchmark overnight interest rate unchanged at 2.25% during its upcoming policy meeting on July 15, reflecting growing confidence that inflation is stabilizing while the country's economic recovery continues to strengthen. A Reuters survey......

Canadian business inflation expectations ease after Middle East ceasefire, Bank of Canada survey shows

Canadian businesses have become more optimistic about the inflation outlook following the easing of tensions in the Middle East, according to the latest Bank of Canada (BoC) business surveys, suggesting that geopolitical developments have helped reduce concerns over rising costs and economic uncertainty. The......

Canadian dollar outlook weakens as USMCA uncertainty dims rate hike expectations

The outlook for the Canadian dollar has softened as economists revise expectations for currency strength amid growing uncertainty over the future of the U.S.-Mexico-Canada Agreement (USMCA) and its potential impact on monetary policy in Canada. A Reuters poll of foreign exchange analysts indicates that......

Bank of Canada says AI is not causing widespread job losses

The Bank of Canada stated that artificial intelligence has not yet caused large-scale job losses in the Canadian labor market, although officials expect the technology to continue transforming workplaces and professional tasks in the coming years. Speaking during a business event in Ottawa, Deputy Governor......

Bank of Canada expected to hold interest rates at 2.25% as oil shock seen as temporary

The Bank of Canada is widely expected to keep its key interest rate unchanged at 2.25% in its upcoming policy decision, as economists assess the recent rise in oil prices as a short-lived shock unlikely to alter the broader inflation outlook. The expected decision comes amid global economic uncertainty......

Bank of Canada holds rates amid energy price concerns

The Bank of Canada announced on Wednesday that it would keep its key policy rate unchanged, signaling caution amid rising global energy prices. Governor Tiff Macklem emphasized that the central bank remains ready to raise rates if higher energy costs risk fueling persistent inflation. The Bank has maintained......

Bank of Canada signals rate hikes may be needed even amid weak economy

The Bank of Canada indicated on Monday that interest rate increases may sometimes be necessary even when economic growth is slow. The move reflects concerns about structural changes in the economy that could result from unexpected supply shocks. Deputy Governor Sharon Kozicki highlighted that protectionist......