The Canadian dollar (CAD) is surpassing most of the main currencies, BBH FX analysts report.
The BOC remained at 2.75%, considering a cut in the midst of tariff uncertainty
“The road to a commercial agreement between the US and Canada is slowly emerging. President Donald Trump said the newly elected Canadian Prime Minister Mark Carney called it yesterday and said: ‘Let’s make a deal.
“The Deliberations Summary of the Bank of Canada (BOC) of the April 16 meeting confirmed that the members of the Governing Council discussed the possibility of maintaining the policy interest rate or reducing it by 25 basic points. Ultimately, the members reached a consensus to maintain the policy interest rate by 2.75% while obtaining more information about tariffs and their impacts.”
“The members also agreed to be less forecast than usual. The markets value a total of 50 basic flexibility points in the next 12 months. This seems correct. The analysis of the Boc scenarios shows that the real GDP of Canada could stagnate in the second quarter or contract during the rest of 2025.”
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.
