Search

Client support: Phone: +357 (22) 008796

News

Show news:


22.01.2020 15:17

BoC maintains its benchmark interest rates at 1.75%

The Bank of Canada (BoC) left its benchmark interest rates unchanged at 1.75 percent on Wednesday, as widely expected.

In its policy statement, the Canadian central bank said that in determining the future path for its policy interest rate, Governing Council would be watching closely to see if the recent slowdown in growth is more persistent than forecast.

The BoC also noted that Canada's economy has been resilient but indicators since the October Monetary Policy Report (MPR) have been mixed, and data "indicate that growth in the near term will be weaker, and the output gap wider", than projected in October.

It now estimates Canada's GDP will grow by 1.6 percent in 2020 and 2 percent in 2021, following a 1.6 percent growth in 2019. The Canadian business investment and exports are seen to contribute modestly to growth, supported by stronger global activity and demand.

Meanwhile, inflation is forecast to stay around the 2 percent target over the projection horizon, with some fluctuations in 2020 from volatility in energy prices.

Market Focus

February 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    © 2011-2020 TeleTrade DJ Limited

  • Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work both to your advantage and disadvantage. There is a possibility that you may lose all of your initial investments, so you should not risk more than you are prepared to lose.

  • Prior to trading you should make sure you fully understand all the risks involved and take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but if the risks seem still unclear to you, please seek independent advice.

  • The information presented on this website should not be perceived as a basis for investment decision making and is intended solely for informational purposes.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page