The Bank of Canada unexpectedly raised its benchmark interest rate by only 50 bps to 3.75 % while the markets expected a 75 bps increase to 4.00%.
Investors will focus now on BoC Governor comments during the press conference regarding the economic outlook, inflation and fiscal policy.
BREAKING: Mixed JOLTS & University of Michigan data❓
BREAKING: Canada Labor market keeps deteriorating 📉
BREAKING: PCE in lane, GDP growth slows down! 🔥🚨
Economic Calendar: U.S. PCE Reading in the Spotlight!