The Bank of Canada announced the first interest rate cuts in four years. It comes after the bank started an aggressive policy tightening process in March 2022 that saw it add 475 basis points to interest rates to 5%. With todays decision, the BOC cut rates by 0.25% to 4.75% as expected. The BOC said in its policy statement that...

Yen rose in Asian trade on Thursday against a basket of major rivals, resuming gains against the dollar after a short hiatus and approaching three-week highs amid speculation about the Bank of Japans upcoming policy meeting. The yen was also boosted by current weakness in US 10-year treasury yields, following a spate of weak US data which boosted the odds...

The Bank of Canada (BoC) voted to cut interest rates at its June meeting from 5% to 4.75%, relying on its improved confidence that inflation is heading lower. The BoC highlighted the declining three-month measure of core inflation as one of the indications that CPI is heading lower but Governor Tiff Macklem also issued caution that the further progress is...

The Canadian dollar fell against most major rivals on Wednesday after an expected policy decision by the BOC. The Bank of Canada announced the first interest rate cut in four years. It comes after the bank started an aggressive policy tightening process in March 2022 that saw it add 475 basis points to interest rates to 5%. With todays decision,...