Bank of Canada Governor Signals Potential Interest Rate Cuts The Bank of Canada Governor, Tiff Macklem, hinted at the possibility of accelerating interest rate reductions during a recent statement. Macklem
According to Shaun Osborne, Chief FX Strategist at Scotiabank, the USD/CAD pair is facing pressure due to lower US yields and narrower spreads between the US and Canada. The Canadian
The Canadian dollar (CAD) remains relatively stable in today's trading session, according to Scotiabank’s Chief FX Strategist Shaun Osborne. Despite a brief rally in the USD yesterday, the CAD is
The Canadian Dollar (CAD) remains stable, hovering near the upper 1.35s, a level that has been maintained since late trade on Friday. Governor Macklem is set to deliver a speech
The Bank of Canada made a predictable 25bp rate cut on Wednesday, causing minimal market movement. Instead, the USD/CAD dip was influenced by weak US JOLT figures, according to ING’s
The USD/CAD pair is on a downward trend for the third consecutive day, hovering around 1.3500 during the Asian trading session. The recent decline is attributed to dovish comments from
Yesterday, the Bank of Canada (BoC) made a move that was expected by many in the financial market. They decided to cut interest rates by 25 basis points, bringing the
The USD/CAD pair is inching higher, currently trading around 1.3510, as traders exercise caution ahead of the release of US ISM Services PMI and Initial Jobless Claims later today. The
The Canadian Dollar (CAD) is holding steady ahead of the Bank of Canada policy decision, with expectations of a 25bps rate cut to 4.25%. The policy statement and press conference
The Bank of Canada (BoC) is anticipated to announce a 25 basis point rate cut today, as per a survey of economists conducted by Bloomberg. Commerzbank’s FX Analyst Michael Pfister