Bank of Canada — News Archive


Bank of Canada Releases Dovish Statement, Loonie Drops

The Canadian dollar fell today as Bank of Canada Governor Stephen Poloz kept interest rates unchanged and released a policy statement that was definitely less hawkish than statements of the previous central bank’s head Mark Carney.

Canadian Dollar Gains on QE Reduction Speculations, Backs Off

The Canadian dollar rallied against its US peer yesterday on speculations that the Federal Reserve is going to tamper stimulus, but retreated a little today. The currency erased losses versus the Japanese yen, while staying little changed against the euro.

Canadian Dollar Falls as GDP Growth Slows

The Canadian dollar dropped today as nation’s economic growth slowed, leading to speculations that the central bank will not be able to tighten the monetary policy in the near future. The currency managed to advances versus the Japanese yen.

Canadian Dollar Gains on Hopes for Stimulus

The Canadian dollar gained against its US peer today on speculations that the state of the economy does not warrant an early reduction of monetary stimulus. The currency also gained against the Great Britain pound and the euro.

Canadian Economic Releases Miss, Sending Loonie Lower

Canadian economic releases disappointed today, and with the dollar dominating everything in sight, it’s little surprise that the loonie is lower.

UK Pound Gets Boost on Prospect to Reduce Easing

Votes to avoid an increase in the Bank of England’s asset buying program are providing support for the pound today. Pound is modestly higher against the US dollar, and the currency has broken a recent losing streak against the euro. As more members of the MPC decide against quantitative easing, the sterling is likely to gain some strength.

Loonie Down for Third Day on Fed Speculation

Canadian dollar is declining against the US dollar for the third day in a row as the Federal Reserve begins its two-day meeting. The expectation that the Fed could begin reducing its asset purchases is lending strength to the greenback against the loonie.

CAD Reaches Monthly Record vs. USD Before Retreating

The Canadian dollar touched the highest level in a month against its US peer before retreating below the opening level yesterday. The currency fell against the Japanese yen as well because domestic fundamentals were not supportive for the currency.

CAD Rallies as Poloz Reiterates Interest Rate Hike Probable

The Canadian dollar rallied versus its US counterpart today as the new chief of the central bank said that an interest rate hike is probable sometime in the future. The currency retreated against some other majors, including the euro.

Positive Fundamentals Did Not Help CAD This Week

The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency.