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Bank of Canada · CanadaThe Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today. Canada’s CPI declines more than expected Canada’s inflation rate dropped to 2% in August. This was down sharply from 2.5% in July and below the market estimate […] The post USD/CAD Steady after Canada’s CPI Slips to 2% appeared first on Action Forex.See the Story
USD/CAD Steady after Canada's CPI Slips to 2% - Action Forex
Inflation · CanadaInflation fell within the Bank of Canada's target range in August as it slowed to two per cent from the year before.Statistics Canada's Consumer Price Index Report for August said inflation grew at its slowest pace since February 2021, down from 2.5 per cent in July.Consumers enjoyed lower prices on gasoline, air transportation, travel tours, clothing, and footwear last month, helping to push inflation down.The cost of filling up the tank at the…See the Story
Inflation continues to slow in August as gas, clothing, footwear prices fall
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Environment · CanadaCanada’s inflationary environment looks a lot different than one year ago, when the Bank of Canada repeatedly raised interest rates amid fears of a recession. In Canadian Underwriter’s latest What’s on Dec? podcast, Western Financial Group president and CEO Kenny… The post What’s on Dec? | Episode 16 | M&A: State of the industry appeared first on Canadian Underwriter.See the Story
What’s on Dec? | Episode 16 | M&A: State of the industry
Bank of Canada · TorontoThe USD/CAD exchange rate moved sideways on Monday morning after the Bank of Canada (BoC) governor raised the prospects of jumbo interest rate cuts as the economy stagnates. It retreated slightly to 1.3577, a few points below last week’s high of 1.3620. BoC rate cuts and inflation data The USD/CAD exchange rate reacted mildly to last week’s BoC interest rate decision in which the bank decided to cut rates by 0.25%. It brought rates to 4.25%, do…See the Story
USD/CAD analysis as BoC points to a series of jumbo rate cuts
Bank of Canada · TorontoNow is a great time to search for solid high-yielders as the Bank of Canada keeps the interest rate cuts coming. Indeed, the central bank cut rates again today to 4.25% while also commenting on inflation’s cooling. As rates continue trending lower, don’t expect the days of swollen dividend yields to last. Of course, it will take another year or more to see rates down by a significant enough amount to jolt various firms. However, lower rates seem…See the Story