empty
 
 

10.06.202615:07:02UTC+00Canadian Dollar Strengthens After BoC Holds Rates

The Canadian dollar firmed slightly to around 1.39 per US dollar after the Bank of Canada, as widely anticipated, left its benchmark interest rate unchanged at 2.25%. The central bank acknowledged that uncertainty remains elevated amid escalating tensions in the Middle East and new US tariff proposals, but reiterated that it stands ready to respond if necessary and will not allow higher energy prices to result in sustained inflation. Markets largely expect the bank to raise rates by 25 basis points in December. Nonetheless, the loonie stayed near its December lows, as the ongoing conflict with Iran continued to bolster demand for the US dollar as a safe-haven asset.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback