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
BREAKING: US NFIB small business optimism weakens🗽US500 loses 0.8%
BREAKING: German ZEW Data Weaker Than Expected
What Can We Expect from U.S. Bank Earnings This Quarter?
BREAKING: Higher Unemployment Rate in the UK