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Bank of Canada leaves rates unchanged, as expected

By MoneyWay | May 29, 2019

The Bank of Canada left interest rates unchanged for a fifth straight decision and continued to signal it sees no need to move borrowing costs anytime soon, even as it expressed growing confidence the economy is rebounding. While they believe the Canadian economy is coming back, external pressures such as the U.S.-China trade talks will still have an impact. Even without global trade uncertainties, the recent weakness has opened up enough slack to warrant the need for more stimulative rates, at least for now. Basically, it means everything is on hold, but be ready for anything.

Currently             Close                     Range

USDCAD               1.3532                   1.3494                   1.3482-1.3547   

EURCAD               1.5063                   1.5060                   1.5034-1.5088   

GBPCAD               1.7085                   1.7074                   1.7055-1.7136

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