Bank of Canada monetary policy decision
Dear traders,
Given the uncertainty about further trade relations with the US, the Bank of Canada is likely to leave the interest rate unchanged at 1.50% as a result of its next meeting.
The Bank of Canada monetary policy decision will be announced today, at 17:00.
The central bank has raised rates twice this year, in January and May, amid evidence the economy is broadly performing well.
Most who have a view on the next rate rise say it will likely come at the BoC’s October meeting, while a handful of others say Governor Stephen Poloz and other policymakers won’t raise rates again until early 2019.
Also, investors will be attracted by data on Canada’s trade balance and employment. (Investing.com)
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