Bank of Canada keeps rates unchanged

The Bank of Canada left its benchmark interest rate unchanged at the effective lower bound of 0.25 %, as widely expected. Central bank will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the Bank's quantitative easing (QE) program, which continues at a target pace of $3 billion per week.

USDCAD - initially currency pair fell after however buyers manage to quickly regain control and price is approaching  the resistance at 1.2072

 

Daily summary: Wall Street lags behind European bourses
Canaccord Genuity cuts Tesla price target
EUR/USD starts to show signs of recovery
Chart of the day - OIL.WTI (14.06.2021)
Economic calendar: Second tier data from Europe and Canada
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