(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 [...]
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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. [...]
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 [...]
