A degree of untapped potential remains in the Canadian labor market meaning the economy may be able to generate more growth without higher inflation, the head of the Bank of Canada said on Tuesday, suggesting the central bank can take its time...
Analysts are updating their interest rate hike expectations for the Bank of Canada’s January meeting in light of Friday’s supportive employment data, which sent the Canadian dollar jumped to its highest level since late September on Friday.
The Bank of Canada left its key rate unchanged at 1%, as expected.
The BOC noted improvement in the jobs market following the unemployment rate's drop to a nine-year low in November.
The BOC said it will continue to be cautious and...
The U.S. dollar extended a modest gain against its rivals on Wednesday, buoyed by a weaker Canadian dollar, which slipped after the Bank of Canada left interest rates unchanged and sounded more cautious than anticipated on future raises.
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