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The Bank of Canada (BoC) held its policy rate at 2.25%, in line with market expectations. The opening statement highlighted that while tariffs and trade uncertainty continue to weigh on business investment, the economy has proven to be relatively resilient. However, it noted that measures of hiring intentions remain “subdued” despite the recent improvements in […]

The post Bank of Canada Holds as Expected  appeared first on ActionForex.

Markets The European morning session contained little more than the long-drawn waiting exercise that often precedes a Fed policy decision. EMU yields resumed their recent journey ‘north’ that accelerated on comments from ECB board member Schnabel on Monday. She ‘approved’ market pricing taking a rate hike as the ‘base case’ for the next ECB rate […]

The post Sunset Market Commentary appeared first on ActionForex.