The Bank of Canada left its benchmark interest rate unchanged at the effective lower bound of 0.25 %, as widely expected. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank’s quantitative easing (QE) program, which is being adjusted to a target pace of $2 billion per week. This adjustment reflects continued progress towards recovery and the Bank’s increased confidence in the strength of the Canadian economic outlook.

USDCAD - initially currency pair fell after BoC decision, however buyers manage to quickly regain control and price is heading towards downward trendline. Source: xStation5
BREAKING: BoE keeps rates unchanged 🇬🇧 📌 GBPUSD extends losses 📉
Economic Calendar - Hawkish Fed Pause and Pivotal SNB and BoE Decisions (18.06.2026)
Morning Wrap – Market Returns to Normalcy After Hawkish Fed Forecasts and a Mixed Warsh (11.08.2026)
Fed Shocks Markets: Slower Growth, Inflation Surge, and Rates "Higher for Longer"