Bank of Canada keeps rates unchanged

The Bank of Canada left its benchmark interest rate unchanged at the effective lower bound of 0.25 %, as widely expected. Central bank will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank's quantitative easing (QE) program, which continues at a target pace of $3 billion per week.

USDCAD - initially currency pair fell after however buyers manage to quickly regain control and price is approaching the resistance at 1.2072

21 May 2026, 2:54 PM

BREAKING: Mixed PMI from US

21 May 2026, 8:53 AM

Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?

21 May 2026, 7:31 AM

Economic Calendar - Will Weak Asian PMIs Point to Weakness in Europe and the US?

20 May 2026, 7:24 PM

URGENT: Hawkish FOMC minutes fail to halt market gains

Economic reports

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