Trading the Bank of Canada Interest Rate Decision

(eToro Blog) The Bank of Canada is expected to announce its interest rate decision on Tuesday January 17th at 2pm London time. The BOC is expected to keep rates on hold at 1%. At its last policy meeting, BOC Governor Mark Carney was concerned about the situation in Europe and its impact on financial markets…. Read more

Bank of Canada Keeps Rates on Hold

(eToro Blog) The Bank of Canada kept interest rates on hold at 1% earlier today. The BOC said that while the situation in Europe is having global ripple effects, the bank sees no reason to cut rates any further. While the decision to leave interest rates on hold were expected by the markets, the comments… Read more

Trading the Bank of Canada Interest Rate Decision

(eToro Blog) The Bank of Canada under Governor Mark Carney is expected to announce its interest rate decision on Tuesday December 6th at 2pm. The market consensus is for the BOC to keep interest rates on hold at 1%. The Canadian Dollar was one of the biggest beneficiaries of the recent joint central bank action…. Read more

Central Banks Coordinate Effort to Meet Global Liquidity Needs

(eToro Blog) Earlier, a coordinated effort by the world’s central banks was announced geared towards capacity enhancement in order to offer global markets additional liquidity support. The participants include the U.S. Federal Reserve, the Bank of England, the European Central Bank, the Bank of Canada and the Swiss National Bank. The purpose of their collective… Read more

Canadian Inflation Eases Reducing Chances of Rate Hike

(eToro Blog) Canada reported increased CPI printing at 2.9% on an annual basis. The core CPI which excludes food and energy printed at 2.1% on an annualized basis. On a monthly basis, CPI rose 0.2% in October coming above market consensus of a 0.1% increase. The annual inflation rate eased from September draining hope for… Read more

BOC’s Carney Says Liquidity Will Face Squeeze Due to Europe and Basel III

(eToro Blog) Bank of Canada governor Mark Carney sounded the alarm on global financial liquidity today in his speech to the Canada-United Kingdom Chamber of Commerce. Carney said that in the last five years, liquidity has seen a roller coaster ride. Starting with the free availability of cash before the housing bubble, then to the credit… Read more

USD/CAD Rallies Over 170 Pips After BOC Rate Decision

(eToro Blog) Bank of Canada left interest rates unchanged at 1% in line with market expectations. The Bank of Canada in a statement said that the country’s economy will grow slower than expected due to the European debt crisis and U.S. slowdown. Canada is concerned about its exposure to the U.S. economy in light of… Read more

Trading the Canadian Interest Rate Decision

(eToro Blog) The Bank of Canada will make its interest rate decision on Tuesday October 25th at 2pm London time. Analysts are expecting the BOC to keep interest rates steady at 1%. Canada has the ninth largest economy in the world. The energy sector is one of Canada’s most important sectors. Exports account for approximately… Read more

Trading the Canadian Interest Rate Decision

(eToro Blog) The Bank of Canada will make its interest rate decision on Tuesday October 25th at 2pm London time. Analysts are expecting the BOC to keep interest rates steady at 1%. Canada has the ninth largest economy in the world. The energy sector is one of Canada’s most important sectors. Exports account for approximately… Read more

Erratic Trading Week Caps Off A Dismal Quarter

By Sam Dustin (eToro Blog) This week was filled with key economic data releases, votes on the future of the European Financial Stability Facility and a surprise rating downgrade of New Zealand. We will look at them in addition to client positioning on the OpenBook platform.   U.S. Dollar and Dow (DJ30) United States GDP data… Read more