Analysts at Wells Fargo, see the Bank of Canada keeping the interest rate at 1.25% on Wednesday. They see a hike during the third quarter. Key Quotes: “After hiking rates in January, the BoC subsequently remained on hold in March and April and we, and most other analysts, expect that the BoC will keep policy unchanged again on Wednesday. Policymakers did not express any particular urgency to raise rates in the statement they released after the last policy meeting in April, although they did seem to indicate that further tightening will be appropriate later. Indeed, we look for the BoC to raise rates again in the third quarter.” “Canada will release GDP data for the first quarter on Thursday. Real GDP rose at an annualized rate of 1.7 percent in Q4-2017, and we project that the economy grew at a roughly similar rate in Q1. Rates remain low in a historical context, and we believe that the BoC will eventually need to tighten further to return rates to a more “neutral” (i.e., neither stimulating nor restraining the economy) setting.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY: bulls seeking a break of the 10-hr SMA but political angst keeps a firm lid on FX Street 5 years Analysts at Wells Fargo, see the Bank of Canada keeping the interest rate at 1.25% on Wednesday. They see a hike during the third quarter. Key Quotes: "After hiking rates in January, the BoC subsequently remained on hold in March and April and we, and most other analysts, expect that the BoC will keep policy unchanged again on Wednesday. Policymakers did not express any particular urgency to raise rates in the statement they released after the last policy meeting in April, although they did seem to indicate that further tightening will be appropriate later. Indeed, we look for the BoC… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
