
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The BOC rate statement will be published at 17:00 MT time on March 4.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
The Bank of Canada bank releases the rate statement followed by the decision on the interest rate 8 times per year. While the interest rate may remain unchanged, the bank may provide its overview of the economic conditions and offer clues on the outcome of future decisions. At the previous meeting on January 22, the BOC kept its interest rate unchanged at 1.75%. The bank announced the risks remaining in the economy and noted that it will continue following them closely. The central bank's Governor Stephen Poloz did not exclude the possibility of a rate cut if the weakness of the Canadian economy is more persistent. The Canadian dollar weakened greatly after his dovish comments. As coronavirus continues making markets uncertain, let's see what Canada's regulator tells us this time.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market:
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
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