Will the BOC surprise with a rate hike?

Will the BOC surprise with a rate hike?

The Bank of Canada will release the interest rate on October 24 at 17:00 MT time.

The market anticipates a rate hike. It’s not a secret that an increase of the interest rate always supports the currency. Last time the Bank of Canada has raised the interest rate in July 2018. It was quite unexpectedly for the market as the environment of uncertainties around the trade war made the central banks cautious.

Up to now, the Canadian inflation level is well above the target that makes traders believe in the rate hike.

• In case of the rate hike, the CAD will rise.

• In case of the neutral/negative rate, the CAD will fall.

Check the economic calendar

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The Spike is Almost There
The Spike is Almost There

China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:

Did Canada and the UK Beat inflation?
Did Canada and the UK Beat inflation?

The UK Office for National Statistics will publish its Consumer Price Index (CPI) update on October 19 at 09:00 GMT+3 and Statistics Canada will release the Consumer Price Index (CPI) on October 19 at 15:30 GMT+3.

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