The Bank of Canada (BoC) has initiated a "pause" in its monetary policy tightening cycle following an eighth increase in its cash rate this week but some local strategists say the latest policy step may have been unnecessary and the markets are now betting on the policy rate being cut before year-end.
January 26,2023
The Bank of Canada raised its base interest rate 25 basis points to 4.5% and said it was now time to pause the rate hiking cycle to assess its impact on the economy.
January 25,2023
CAD to benefit on 25bp hike says Barclays but NBC warns this will "break the camel's back".
January 24,2023
The Pound to Canadian Dollar exchange rate has retreated from January highs and could be likely to consolidate its earlier gains this week unless the Bank of Canada (BoC) calls time on its interest rate cycle this Wednesday.
January 26,2023
The Canadian Dollar dug its heels in against some currencies to end a week of underperformance on Friday after retail sales data suggested economic resilience ahead of the festive period, though not quite enough to dispel uncertainty about a looming Bank of Canada (BoC) interest rate decision.
January 23,2023
The Pound to Canadian Dollar exchange rate remained buoyant near one-month highs in the penultimate session of the week but could have scope to rise further, according to technical analysis from Scotiabank, which suggests Sterling could recover the 1.68 handle in the days ahead.
January 19,2023
The Pound to Canadian Dollar exchange rate reached one-month highs after Canada's inflation rates fell further than was expected for the month of December in what is another sign of the Bank of Canada (BoC) having success in steering price growth back toward its two percent target.
January 17,2023
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