Will the BOC strengthen the CAD even more?

Will the BOC strengthen the CAD even more?

The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 16:00 MT time.

Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY

According to data from the Bank of Canada, the financial market conditions in the country are improving. As a result, the regulator has announced changes to its supportive measures. The last operations of the Canada mortgage bond purchase program and Banker's acceptance purchase are scheduled for the week of October 26.  At the same time, the BOC will pay particular attention to the housing sector to prevent speculations amid the low interest rate. That means, the interest rate will likely stay unchanged at 0.25% during this meeting. What’s interesting is the bank’s plans for the upcoming months and the forecasts in the statement.

  • If the BOC is optimistic, the CAD will strengthen;
  • If the BOC is pessimistic, the CAD will weaken.

Check the economic calendar

cad.png

TRADE NOW

Similar

Uptrend in Gold Starts Now
Uptrend in Gold Starts Now

Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

The Last Volatile Week of 2022
The Last Volatile Week of 2022

The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!

China Stocks are About to Jump
China Stocks are About to Jump

It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.

Latest news

The Most Important News For Today
The Most Important News For Today

The news is essential if you want to trade. Don't miss our digest, where we'll tell you about the most interesting events, happening right now.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera