Canadian Dollar futures rebound after Bank of Canada holds rate
Canadian Dollar futures rebound from a 15-session low after the Bank of Canada holds its overnight rate steady at 2.25%. Governor cited risks from Middle East conflict, Strait of Hormuz disruption and new U.S. tariffs.
Canadian Dollar futures rebound from a 15-session low as the Bank of Canada holds its overnight rate steady at 2.25%.
Insights from Path Trading Partners' Bob Iaccino on how the central bank navigates growth and inflation close to its July forecast.
Furthermore, the Bank of Canada Governor highlights risks from Middle East conflict, the Strait of Hormuz disruption, and new U.S. tariffs.
Trade tensions keep the central bank in a wait-and-see mode, creating a headwind for the Canadian Dollar.