-
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR). In the United States, growth in the third quarter was stronger than forecast but is still expected to moderate in the months ahead. Growth has firmed in other advanced economies. Meanwhile, oil prices have moved higher and financial conditions have eased. The global outlook remains subject to considerable uncertainty, notably about geopolitical ... (full story)
-
Loonie Tumbles After BOC Keeps Rates On Hold, Signals "Continued Caution", "Considerable Uncertainty"
After two rate hikes earlier in the year, one of which caught traders by surprise, moments ago the Bank of Canada announced that it had kept its rate on hold at 1.00% as expected. Stateing that "the global economy is evolving largely as expected in the Bank’s October Monetary Policy Report (MPR)" the central bank noted that while in the United States, "growth in the third quarter was stronger than forecast but is still expected to moderate in the months ahead." It added that "growth has firmed in other advanced economies. Meanwhile, oil prices have moved higher and financial conditions have eased." Looking back the ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 6, 2017 10:08am Dec 6, 2017 10:08am
-
Macpher
- | Joined Nov 2017 | Status: Member | 6 Comments
- Comment #2
- Quote
- Dec 6, 2017 10:09am Dec 6, 2017 10:09am
-
Larry4231
- | Joined May 2017 | Status: Member | 31 Comments
- Comment #3
- Quote
- Dec 6, 2017 10:12am Dec 6, 2017 10:12am
- Micc23
- | Joined May 2017 | Status: Member | 852 Comments
- Comment #4
- Quote
- Dec 6, 2017 10:14am Dec 6, 2017 10:14am
-
Mr.To
- | Joined Jul 2017 | Status: Member | 75 Comments
- Comment #5
- Quote
- Dec 6, 2017 10:28am Dec 6, 2017 10:28am
-
louisfx
- Joined Feb 2012 | Status: Member | 570 Comments
- Comment #6
- Quote
- Dec 6, 2017 10:29am Dec 6, 2017 10:29am
-
jegas
- Joined Oct 2011 | Status: Forex is an Unpredicatable Game.... | 1208 Comments
- Comment #7
- Quote
- Dec 6, 2017 10:34am Dec 6, 2017 10:34am
-
louisfx
- Joined Feb 2012 | Status: Member | 570 Comments
- Comment #8
- Quote
- Dec 6, 2017 11:36am Dec 6, 2017 11:36am
- Blessed-man
- | Joined Apr 2016 | Status: Member | 452 Comments
- Comment #9
- Quote
- Dec 6, 2017 12:31pm Dec 6, 2017 12:31pm
-
WhiteMouseFX
- | Joined Sep 2016 | Status: Eyes on the big moves :-P | 344 Comments
- Comment #10
- Quote
- Dec 6, 2017 12:34pm Dec 6, 2017 12:34pm
-
WhiteMouseFX
- | Joined Sep 2016 | Status: Eyes on the big moves :-P | 344 Comments
- Comment #11
- Quote
- Dec 6, 2017 5:18pm Dec 6, 2017 5:18pm
-
fxx360
- | Joined Dec 2011 | Status: Member | 940 Comments