Read more
3:07 PM · 2 March 2022

BREAKING: CAD strengthens as BoC lifts key rate to 0.50%

-
-
Open account Download free app

The Bank of Canada raised its benchmark interest rate by 25bps to 0.50 %  as widely expected. Central bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline. Inflation is now expected to be higher in the near term than projected in January. Persistently elevated inflation is increasing the risk that longer-run inflation expectations could drift upwards. The Bank will use its monetary policy tools to return inflation to the 2% target and keep inflation expectations well-anchored. No post-meeting press conference will be held.

USDCAD pair fell and tested support level at 1.2660 after today's BoC rate decision. Source:xStation5  

13 March 2026, 3:12 PM

BREAKING: Mixed JOLTS & University of Michigan data❓

13 March 2026, 1:05 PM

BREAKING: Canada Labor market keeps deteriorating 📉

13 March 2026, 12:41 PM

BREAKING: PCE in lane, GDP growth slows down! 🔥🚨

13 March 2026, 7:06 AM

Economic Calendar: U.S. PCE Reading in the Spotlight!

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