Canada Job Market Surges, Bolstering Rate Hold Case
Canada's economy added a surprising 66,600 jobs in October, lowering the unemployment rate to 6.9% and strengthening the case for a rate hold.
#Bank of Canada#Canadian Economy#Jobs Report
#Bank of Canada
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Bank of Canada Plans Significant Job Cuts
The Bank of Canada will cut approximately 10% of its staff, affecting 225 employees, as part of a government initiative to reduce expenses and achieve significant budget savings by 2026.
#Bank of Canada#Job Cuts#Canadian Economy
Canadian Dollar Hits Multi-Month Low Against USD
The Canadian Dollar fell for a third consecutive day against the U.S. Dollar, with the USD/CAD pair nearing a seven-month high around the 1.4050 mark.
#Canadian Dollar#USD/CAD#Forex
Canadian Dollar Surges as Bank of Canada Signals End to Rate Cuts
The Canadian dollar rose to a one-month high after the Bank of Canada cut its key interest rate but signaled the easing cycle may be over, a move traders dubbed a 'hawkish cut'.
#Bank of Canada#USD/CAD#Forex
Investors Brace for Volatile Week as Central Banks Meet
Four major G10 central banks are set to announce policy decisions this week, creating potential for significant market volatility as investors focus on the U.S. Fed.
#Central Banks#Federal Reserve#Monetary Policy
Canada's Inflation Rise Impacts Rate Cut Hopes
Canada's September CPI rose 2.4% year-over-year, exceeding forecasts and reducing market odds for a Bank of Canada rate cut. The Canadian dollar steadied, while the US dollar strengthened amid easing
#Canada CPI#Bank of Canada#Interest Rates
Canadian Dollar Rises on Unexpectedly Strong Job Growth
The Canadian dollar strengthened against its U.S. counterpart after Canada's economy added 60,400 jobs in September, far exceeding market expectations.
#Canadian Dollar#USD/CAD#Bank of Canada
Bank of Canada Official Labels Banking Sector an Oligopoly
Bank of Canada's Senior Deputy Governor, Carolyn Rogers, has labeled the country's banking system an oligopoly, linking a lack of competition to Canada's productivity slump.
#Bank of Canada#Economic Policy#Financial Regulation
Canada Businesses Urged to Boost Investment Amid Trade Policy Uncertainty
Canada's senior deputy central bank official urges businesses to boost investments to counter potential negative impacts from President Trump's trade policies.
#Canada Economy#Trade Policy#Business Investment
USD/CAD Rate Holds Above 1.3750 After BoC Rate Cut
The USD/CAD rate is holding above 1.3750 after the Bank of Canada cut rates to 2.50%. Analysts predict a stronger Canadian dollar by 2025.
#USD/CAD#Bank of Canada#Federal Reserve