Bank of Canada Leaves Rates Unchanged At 0.25% As Unexpected

Bank of Canada left rates unchanged at 0.25% in line with forecasts and maintained its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Last meeting the BoC surprised by ending the QE bond buying program from $2 billion per week to nil, it was expected to cut to $1billion a week. The Bank of Canada held the overnight rate at 1/4 per cent. The Bank Rate is correspondingly 1/2 per cent … Continue reading “Bank of Canada Leaves Rates Unchanged At 0.25% As Unexpected”

Bank of Canada Ends Bond Purchases Abruptly and Unexpectantly Sending Loonie Sharply Higher

Bank of Canada surprised by ending the QE bomd buyimg program from $2 billion per week to nil, it was expected to cut to $1billion a week. The BoC leftthe key lending rate at 0.25 percent Wednesday as expected.

Canadian National Railways Hopes of Rail Industry Capturing Market Share From Trucking

Canadian National Railways reported a modest Q3 earnings beat. $CNI is not seeing labor issues and is in good shape from a labor standpoint which was a concern with investors after JB Hunt reported earnings. Fellow Canadian rail giant Canadian Pacific recently beat out CNI in merging with Kansas City Southern $KSU.

With Election in Sight Bank of Canada Leaves Rates and Bond Purchases Unchanged

No surprises from the Bank of Canada left the key lending rate at 0.25 percent Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed. Bank of Canada kept bond purchases to C$3 billion a week.

Bank of Canada Leaves Rates and Bond Purchases Unchanged at C$3 Billion a Week

The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed. Bank of Canada kept bond purchases to C$3 billion a week with its projection for full recovery to second half of 2022.

Bank of Canada Leaves Rates Unchanged, Reduces Bond Purchases to C$3 Billion a Week

The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed. Bank of Canada reduces bond purchases to C$3 billion a week, moves forward its projection for full recovery to second half of 2022.

Bank of Canada Leaves Rates Unchanged Says Labor Market A Long Way From Recovery

The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed. GDP growth in the first quarter of 2021 now expected to be positive, rather than the contraction forecast in January

Bank of Canada Leaves Rates Unchanged Expects Strong Rebound in Q2

The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed, BoC repeats to buy more longer-dated bonds, with pace of QE to be gradually reduced to $4B week from $5B week