Free Trial
RATINGS

A Few Tweaks On Friday

USDCAD TECHS

Bouncing Ahead of 200-DMA Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CANADA BOC: BOC maintains o/n rate target at 1.25% as expected. Says 
will 'take gradual approach' and remain data dependent. Overall tone 
more hawkish than Apr. Developments 'further reinforce' view that highr 
rate warranted (drops 'over time'). Drops 'some mon pol accommodation 
will still be needed'. To cont to assess econ capacity, econ sensitivity 
to rates. To look thru 'transitory' impact of gas prices on infl. Infl 
likely higher in near term than fcast on gas prices. Core infl 
consistent w/econ operating close to potential. Solid labr income grwth 
supports expectatn of hsg pick up. Hsg mkt continues to adjust to mtg 
rules, higher brrwng rates. 1Q activity appears 'a little stronger than 
projected'. Global econ on track with april MPR forecast. Some upside to 
US econ outlk, but ongoing uncertainty re trade dampening glob biz 
invstmnt. Data since Apr support outlk for 2% Canadian growth in 1H. 
Machinery,equipmnt imprts suggest cont'd invesmnt recovery. 

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.