The Bank of Canada, as expected, kept the benchmark interest rate at 0.25% on Wednesday after the December monetary policy meeting. Neither were changes made to the purchasing program.
The central bank indicated that the economic moment towards the fourth quarter was stronger than expected in October. Regarding the recovery of the Canadian and global economies, they affirmed that it developed in line with the expectations of the October monetary policy report.
The USD / CAD declined modestly after the announcement and the loonie (CAD) cut losses against the other currencies linked to commodities.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.