The Bank of Canada May Push the CAD
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
BOC Rate Statement
| The Bank of Canada is keeping the interest rate unchanged since January 2018. Although the central bank is not anticipated to raise the rate this time, it will likely do it later this year. That is why it is important to listen to the BOC report and look for hints about its future monetary policy. A hawkish sounding speech will signal an approaching rate hike. Follow the BOC’s statement at 17:00 MT time on May 30. |
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