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Breaking News: Loonie rises to 1.3050 after the Bank of Canada rate hike

  • The Bank of Canda decided to hike the overnight target rate by 25 basis points to 1.75% in line with market expectations.
  • The USD/CAD fell to 1.3050 after the rate hike.

The US dollar fell to 1.3050 in the knee-jerk reaction to the decision of the Bank of Canada to hike the overnight target rate by 25 basis points to 1.75% on Wednesday, meeting the market expectations.

United States New Home Sales Change (MoM) above forecasts (-1.4%) in September: Actual (5.5%)

United States New Home Sales Change (MoM) above forecasts (-1.4%) in September: Actual (5.5%)
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Bank of Canada raises policy rate by 25 bps to 1.75%

In a widely expected decision, the Bank of Canada has announced its decision to hike its policy, overnight, rate by 25 basis points to 1.75%. Investor
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