BREAKING: Bank of Canada cuts rates by 50 basis points

Bank of Canada decided to deliver a 50 basis points rate cut in an emergency move. Main rate was lowered from 0.75% to 0.25%. The move is aimed at supporting Canadian economy at times of the coronavirus outbreak. Before the cut, Bank of Canada held the highest interest rate among developed countries. USDCAD extended gain on the news and tested 23.6% Fibo level of the downward move started on March 19.

USDCAD tested 23.6% retracement after the Bank of Canada delivered a 50 basis point rate cut. Important resistance zone can be found near the 1.4180 handle. Source: xStation5

13 August 2026, 4:05 PM

US Open: S&P 500 close to highs - as September Fed hike chances fall (13.08.2026)

13 August 2026, 1:40 PM

BREAKING: Another round of inflation figures from the US – what did they reveal?

13 August 2026, 10:49 AM

Oil declines under the weight of inventories

13 August 2026, 7:57 AM

Economic Calendar: US PPI, jobless claims and Fed speeches to bring more insight after uneventful CPI (13.08.2026)

Economic reports

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