Bank of Canada — News Archive


Bank of Canada Announcement Weighs on Loonie

Yesterday’s announcement from the Bank of Canada continues to influence the loonie in trading. The Canadian dollar is still struggling today after the change in the central bank’s stance, and the language used to forecast the likely economic situation through 2015.

Less Hawkish BoC Damages Canadian Dollar

The Canadian dollar demonstrated a sharp drop today as the Bank of Canada left interest rates unchanged and, what is more important, dropped hints of eventual interest hike from its statement.

Canadian Dollar Trades Mixed Ahead of Economic Releases

Loonie is trading mixed today ahead of economic releases expected in the next few days. With the US jobs data due tomorrow, and with a report from the Bank of Canada due on October 23, there is a lot of speculation about what will be revealed at those times.

Loonie Retreats with Slowing Consumer Inflation

The Canadian dollar dropped today as growth of consumer prices slowed, giving the central bank no incentive to tighten its monetary policy. The currency was also falling on speculations that the previous rally was excessive.

Canadian Dollar Gains as BoC Leaves Interest Rates Stable

The Canadian dollar climbed today after the nation’s central bank maintained its benchmark overnight rate stable and mentioned no plans to reduce borrowing costs that are already quite low.

Canadian Dollar Heads Higher as Syria Cools Down

Canadian dollar is getting a little boost against its major counterparts today, gaining ground as concerns about what’s happening in Syria ease a little. Additionally, Forex traders are waiting for information on policy from the Bank of Canada on Wednesday, as well as August employment data slated to be released on Friday.

Week of Central Banks, Is It Bullish for USD?

The US dollar ended both the last trading week of August and the month itself with solid gains. Should traders remain bullish on the currency? Analysts do not see reasons not to be.

CAD Rises vs. JPY on Positive Fundamentals, Falls vs. USD

The Canadian dollar rose against the Japanese yen today as positive fundamentals may encourage policy makers to tighten monetary policy. At the same time, the currency weakened against the US dollar.

Dollar After Bernanke’s Week

This week could be called Ben Bernanke’s week as attention of all Forex traders was focused on the testimony of the Federal Reserve Chairman. The dollar was rising ahead for the speech, but tumbled afterwards.

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.