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The Canadian dollar weakened slightly to around 1.41 per US dollar in September, its lowest level in more than a month, as expectations point to a widening interest-rate differential between the US and Canada. Markets expect the Federal Reserve to continue tightening while the Bank of Canada holds rates steady. The Fed
The S&P/TSX Composite Index rose 0.7% to close at 36,092 after the Bank of Canada kept its key policy rate unchanged at 2.25%, citing broadening recovery but higher upside inflation risks and tariff-linked growth uncertainty.
Bank of Canada interest rate decision: 2.25% actual, unchanged from 2.25% previous; estimate was 2.25%.
BoC Rate Decision: actual 2.25%, forecast 2.25%, previous 2.25%.