Will Canada's CPI Data Rescue the Wounded Loonie? - Action Forex
At its latest gathering on March 6, the Bank of Canada (BoC) decided to keep interest rates unchanged at 5% as expected, but the statement accompanying the decision and Governor Tiff Macklem himself signaled concerns about high underlying price pressures, with the Governor adding that more progress is needed before they start considering rate cuts.
At its latest gathering on March 6, the Bank of Canada (BoC) decided to keep interest rates unchanged at 5% as expected, but the statement accompanying the decision and Governor Tiff Macklem himself signaled concerns about high underlying price pressures, with the Governor adding that more progress is needed before they start considering rate cuts.
