BREAKING: Bank of Canada cuts interest rates by 50 bps; USDCAD ticks lower 🚨

BOC cuts interest rates by 50 bps in line with forecast. USDCAD pair drops heavily on the news.

The Canadian dollar strengthened to a new session high after the Bank of Canada cut by 50 bps. The bank signaled that further cuts aren’t guaranteed and that it will evaluate future cuts “one policy decision at a time.”

Key BoC comments:

Macklem: Will Focus on Core CPI to Look Through Sales-Tax Holiday

Macklem: Rate Policy No Longer Needs to Be Restrictive

Macklem: Economy Is In Excess Supply, Growth Outlook Softer

Macklem: Previous Rate Cuts Will Be Working Their Way Through Econ

Macklem: 4Q Growth Likely to Be Weaker Than BOC Forecast of 2%

Macklem: Job Market Is Still Softening

Macklem: Officials to Adopt More 'Gradual' Approach to Rate Policy

Bank of Canada drops promise of further cuts if forecasts materialize, The press conference is scheduled for 3:30 pm GMT.

Source: xStation

30 October 2026, 3:33 PM

Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?

29 October 2026, 1:19 PM

ECB Holds Rates Unchanged💶 EURUSD down 📉

29 October 2026, 10:13 AM

There is no good scenario for the euro today

29 October 2026, 7:25 AM

Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨

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