Macklem: BoC prepared to adjust monetary policy as needed
Bank of Canada Governor Tiff Macklem said upside risks to inflation and downside risks to growth are evolving, adding that the BoC is “prepared to adjust monetary policy as needed.”
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Canadian Dollar Weakens After Fed Hike
The Canadian dollar weakened to near 1.40 per USD in mid-September, its lowest level in more than a month after the US Federal Reserve raised interest rates as expected. The Fed raised the target range for the federal funds rate by 25 bps to 3.75%-4%, reinforcing the US dollar’s advantage over the loonie. Updated Fed p
Canadian dollar slides after Canada jobs drop; Fed hike odds rise
The Canadian dollar weakened to around 1.39 per USD after Canada employment fell 41,700 in August versus expectations for a 15,000 increase. US payrolls rose 162,000. BoC held its policy rate at 2.25%.
BoC Gov Macklem says risks are shifting, ready to adjust policy
BoC Gov. Macklem said risks are shifting and the bank is prepared to adjust monetary policy as needed.
BoC Gov. Macklem says policy can be adjusted as needed
BoC Gov. Macklem said the Bank is prepared to adjust monetary policy as needed.
Bank of Canada Keeps on Hold as Expected, Tweaks GDP, Inflation Forecasts
() -- The Bank of Canada left its policy rate unchanged on Wednesday, in line with expectations, maintaining a cautious approach as policymakers assessed a mixed economic outlook and easing inflation pressures. This was the sixth policy meeting in which Canada's central bank held its target for the overnight rate at 2.