- Analytics
- News and Tools
- Market News
- BoC's Macklem: Canadian inflation to stay close to 2.9% for next several months
BoC's Macklem: Canadian inflation to stay close to 2.9% for next several months
While speaking before the House of Commons Finance Committee on Thursday, Bank of Canada (BoC) Governor Tiff Macklem said Canadian inflation rate will probably stay close to 2.9% for the next several months, citing rising gasoline prices, per Reuters.
"Here is a limit to how far US and Canadian interest rates can diverge, certainly we're not close to that limit," Macklem added and reiterated that the BoC is looking for reassurance that the recent fall in underlying inflation will be sustained, when asked about the timing of a policy pivot.
Market reaction
USD/CAD edged slightly lower following these comments and was last seen losing 0.2% on the day at 1.3710.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
