Read more
1:46 PM · 16 April 2025

BREAKING: Bank of Canada holds rates unchanged. USDCAD drops after the decision

USD/CAD
Forex
-
-

Bank of Canada maintained interest rates at 2.75% level, in line with expectations.

 

Bank of Canada Rate Decision - Key Points

  • Rate held steady at 2.75% as BoC monitors US tariff impacts

  • Trade uncertainty is the primary concern, creating unpredictable economic outlook

  • BoC outlines two scenarios:

    1. Limited tariffs: temporary growth weakness, inflation near 2%

    2. Trade war: possible Canadian recession, inflation exceeding 3%

  • Inflation currently at 2.3% (March), expected to decrease with carbon tax removal

  • Economic slowdown evident with weakening consumption and business spending

  • BoC will "proceed carefully" while supporting growth and controlling inflation

USDCAD dropped after BoC decision.

 

 

14 November 2025, 6:50 PM

Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%

14 November 2025, 6:39 PM

Wheat drops amid higher than expected WASDE report

14 November 2025, 4:10 PM

NATGAS slightly gains after the EIA inventories change report

14 November 2025, 4:06 PM

US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits