BoC - Bank of Canada

BOC May Fail To Increase Interest Rates; Carney Says

Submitted by Tradervox 2 on Wed, 17/10/2012 - 12:27
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Mark Carney, the Bank of Canada Governor, indicated yesterday that he may delay in raising the policy interest rates as he reduces the economic outlook for the nation. The comments pushed the Canadian dollar down against the US currency to its lowest level in almost three months....

Loonie Down on Central Bank Decision

Submitted by Anonymous on Thu, 06/09/2012 - 10:53
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The Canadian dollar is trading low against most of its major peers after the Bank of Canada indicated that the interest rates may be raised to guard against inflation. Keeping the interest rates unchanged, the BOC Governor Mark Carney noted that modest withdrawal of the current monetary policy may be appropriate...

Carney Says Rate Hike Might be Necessary

Submitted by Marcio Pereira on Fri, 10/08/2012 - 16:18
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Mark Carney, the Bank of Canada Governor, indicated that the country is in a very different situation compared to other economies such as the UK. He said this when talking about increasing the borrowing cost in Canada during an interview with the BBC in London....

Loonie Gains on BOC Decision

Submitted by Tradervox 2 on Wed, 18/07/2012 - 14:19
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The Bank of Canada has signaled the possibility of an interest increase rate despite the nation’s growth slowing down due to poor global economic conditions. In a statement to the press after the meeting, Bank of Canada Governor Mark Carney indicated that domestic recovery will be limited by the poor global demand for exports....

BOC to Keep Interest Rate, Loonie Rises

Submitted by Marcio Pereira on Tue, 17/04/2012 - 18:02
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The Canadian dollar is among the biggest movers today as it rose 1.4 percent against the yen. It strengthened against the Euro forcing the EUR/CAD to drop by 1.04 percent. The loonie advanced against the Aussie by 0.81 percent and against the US dollar by 1.03 percent.  

COB Upbeat About Country’s Economy

Submitted by Tradervox 1 on Wed, 04/04/2012 - 13:40
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Mark Carney, the BoC governor have showed optimism about the country’s economic performance as well as indicating that the global economy is on a positive trend. Speaking in Waterloo, Ontario, the governor said the nation’s economy had performed better than it had been expected due to the favorable global financial markets and external headwinds abated. 

BOC and ECB keep Stimulus as Risks Ease

Submitted by Tradervox 1 on Fri, 09/03/2012 - 12:40
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The Bank of Canada decided to keep prolong it monetary stimulus and indicated that the risks are edging closer to quicker inflation reducing the risk of another global recession. The BOC joined its peers in euro area and UK as they too have kept their stimulus package. 

Central Banks Release Poor Forex Market Data

Submitted by Marcio Pereira on Wed, 15/02/2012 - 08:59
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Last week, major central banks gave their semiannual reports on foreign exchange turnover. It revealed that though trading improved in the United States, it dipped severely elsewhere. The Chart shows some vital data released. 

Coordinated Central Bank action to address pressures in global markets

Submitted by Tradervox on Wed, 30/11/2011 - 14:56
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The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.

Opening Statement for Appearance Before the Standing Senate Committee on Banking, Trade and Commerce

Submitted by Tradervox on Thu, 03/11/2011 - 09:25
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The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July MPR have been realized. Volatility has increased and there has been a generalized retrenchment from risk-taking across markets. The combination of ongoing deleveraging by banks and households, increased fiscal austerity and declining confidence is expected to restrain growth across the advanced economies.

 

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