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Bank of Canada
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USD/CAD, CAD/JPY forecast: Canadian dollar analysis - July 24, 2024
The CAD/JPY trend has turned negative following this week’s big rally in the yen, while the USD/CAD will be in focus with the release of key US data in the coming days.
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A complete guide to the Bank of Canada and interest rates
As with any central bank, when the Bank of Canada (BOC) changes interest rates, it can have a knock-on effect to stocks, indices and currencies. Find out everything you need to know about the BOC and how it’s decisions impact financial markets.
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Bank of Canada preview: At interest rates peak?
After a combined 425 basis points worth of hikes, the BOC has already signaled it would pause tightening to let the economy digest impact of previous hikes.
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CAD/JPY pair to watch heading into BoC decision
A 25-basis-point hike is expected
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Canadian Jobs report blew away estimates
The strong Employment Change out of Canada in October may give the BOC a bit more confidence to raise rates in December. However, the meeting is a long way off.
![Research](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/canada.jpg?h=300&w=1170&hash=DD88ECA0E712479800AB22B271000218)
The BOC just dropped one of their preferred CPI measures
During a hawkish speech, the BOC governor outlined which of the three ‘preferred’ CPI measures they will no long focus on, and why.
![Research](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/canada.jpg?h=300&w=1170&hash=DD88ECA0E712479800AB22B271000218)
The BOC just dropped one of their preferred CPI measures
During a hawkish speech, the BOC governor outlined which of the three ‘preferred’ CPI measures they will no long focus on, and why.
![Research](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/charts5.jpg?h=300&w=1170&hash=DD6D89B8D1607D54086B6DB36F84DFF6)
Yes, inflation may have peak but it “remains far too high”
Sometimes the obvious needs to be said. And that is exactly what the BOC’s deputy governor said in his op-ed by stating inflation “remains far too high”.
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Bank of Canada hikes 25bps. More to come!
The Bank of Canada raised rates for the first time since October 2018 by 25bps to 0.50%.
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Bank of Canada leaves rates unchanged. Is it less hawkish now?
How many rate hikes are necessary to control inflation given that the BOC sees it returning to 2% over the long run?
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Bank of Canada preview: Is the BOC ready to hike rates?
At its last meeting in December, the BOC said it doesn't see a rate hike until mid-2022. However, some seem to think it will hike at this meeting!
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Bank of Canada Preview: When is the BOC looking to raise rates?
With inflation on the rise and a very strong jobs report for September, the Bank of Canada is likely to cut bonds purchases