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.
Daily summary: Sense of relief to global markets🎢 OIL prices dip 8%🚨
BREAKING: US ISM Manufacturing - Strong Beat Across the Board
Eurozone PMIs: German Factory Revival Masks Underlying Stagnation 🇪🇺
Chart of the Day: Yen Falls From 40-Year Highs – What’s Next? (03.08.2026)