Bank of Canada (BoC) Governor Tiff Macklem and Chief Deputy Governor Carolyn Rogers explain the BoC's decision to keep the interest rate at 5% following the April policy meeting and answer questions from the press .
Featured Statements
“A rate cut in June is within the realm of possibility.”
“The decline we've seen in momentum is very recent.”
“With gasoline prices rising, the CPI is likely to remain around 3% in the coming months.”
“The BoC is increasingly confident that inflation will continue to decline gradually, even as economic activity strengthens.”
“We expect core inflation to continue to decline gradually.”
“Housing cost inflation remains very high and some other services remain persistently high.”
Market reaction
USD/CAD maintains its bullish momentum and last traded at its highest level since November at 1.3670, up 0.72% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
