Free Trial
CANADA

2Y Auction: Much Higher B/C

LOOK AHEAD

Thursday Data Calendar: Weekly Claims, 30Y Bond Sale

US TSY FUTURES

BLOCK, 10Y Buy

STIR

BLOCK Sep'23 SOFR Put Condor

BOC

Test

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

BULLET: CANADA BOC: Maintains overnight rate target at 1.75%.>

CANADA BOC: Maintains overnight rate target at 1.75%
--------------------------------------------------------------------
- BOC drops "appropriate" for maintaining interest rate.
- Growth will be weaker and output gap will be wider than BOC October 
projection. 
- Estimation of 2019 4Q growth revised from 1.3% to 0.3%.
- Signals of increased consumer caution, may also alleviate financial 
vulnerabilities. 
- Exports fell, business investment weakened, job creation slowed, and 
consumer spending have been unexpectedly soft in late 2019 and may 
spill into 1Q 2020, BOC said. 
- Strikes, poor weather, and inventory adjustement contribute the most 
to the slowdowns; could be signals for global economic conditions 
affecting Canadian economy. 
- BOC will watch if recent slowdown in growth is persistent.
- Inflation will hold near 2% target, inflation risks roughly balanced.

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.