Bank of Canada Holds Rate at 2.25%, Softens Guidance – TD
TD Securities notes the BoC held its policy rate at 2.25% and removed references to rate-cut risks and consecutive hikes, interpreted as mildly dovish.
USDCAD
The Bank of Canada kept its policy rate unchanged at 2.25%, according to TD Securities. The central bank softened its forward guidance by dropping mentions of both rate-cut risks and the possibility of consecutive hikes. Markets viewed the statement as mildly dovish, though prior price movements limited the immediate impact.
Source: FXStreet Forex News