The decision on the Bank of Canada monetary policy!
Dear traders,
The decision of the Bank of Canada on the interest rate will be announced today at 17:00. Most experts suggest that the central bank of Canada will raise the interest rate by 25 basis points to 1.5%.
If the forecasts will be confirmed, this will be the fourth increase in the interest rate for the last year, as recent reports showed a steady growth of the Canadian economy.
Head of Bank of Canada Stephen Poloz last week said that the decision will be made on the basis of economic data.
According to a report published on Friday by Statistics Canada, in June, the Canadian economy created 31 thousand jobs, and the unemployment rate rose to 6.0% from 5.8% in May.
Since July 2017, the central bank of Canada has raised the interest rate three times, but retained its importance as a result of the last three meetings, as the uncertainty about the renegotiation of the North American Free Trade Area (NAFTA) contract limited the amount of investment in business. (Investing.com)
Earn on the news together with the help of EXPRESS NEWS TRADING service from Ester!
Have a nice day, Ladies and Gentlemen!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
Hotline +448 000 698 464