BREAKING: Bank of Canada cuts rates by 25 bp ✂️

Key takeaways

Bank of Canada lower its key interest rates form 2,25% to 2%.
The move was expected by markets.

Key takeaways

Bank of Canada lower its key interest rates form 2,25% to 2%.
The move was expected by markets.

02:45 PM BST, Canada - BoC Interest Rate Decision for October:

actual 2.25%; forecast 2.25%; previous 2.50%;

USDCAD extended today's losses to around 0.2%, as the move was widely anticipated due to ongoing weakness in the labour market. Additonally, in the released statement BoC signals that it might leave the rates unchanged for some time to support the recovery of economic activity in the country.

Bank of Canada Governor Tiff Macklem flagged that tariff-related risks to economic growth are materialising in the real economy, mainly through lagging business investment and falling exports that translate into lower labour demand. The slack is expected to persists through 2027.

Macklem's words also suggest that BoC has only limited room to responds to tariff-related shocks and cannot make the economy return to its pre-tariff trajectory. This is reflected further by central bank's downward revisions to GDP growth (1,2% in 2025, 1,1% in 2026) and inflation (2% in 2025, 2,1% in 2026).

Source: xStation5

24 April 2026, 6:53 PM

Daily summary: AI optimism, Nvidia stock surge & second round of US - Iran talks drive optimism on Wall Street

24 April 2026, 6:46 PM

📌Oil slips below $100

24 April 2026, 4:34 PM

⚡ Will US drought fuel speculative grain volatility on CBOT?

24 April 2026, 3:58 PM

🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)

Forex

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days