Bank of Canada holds overnight rate at 2.25%; gold hits $6,087.64
The Bank of Canada maintained its key overnight rate at 2.25%, with market pricing showing roughly 96% odds of an unchanged decision. Gold rose to $6,087.64 per ounce following the decision, while the BoC noted new US and Canadian tariffs pose risks to the sustainability of the recovery.
Detected & updated continuously · Source: Nebula
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@KitcoNewsNOW
Gold hit $6,087.64 per ounce after the Bank of Canada maintained its key overnight rate at 2.25%. New US and Canadian tariffs pose risks to the sustainability of the recovery, per the BoC. https://t.co/JhU0McHAHg https://t.co/kL1ZkDcoMG
@FXEmpirecom
🇨🇦 Bank of Canada day. 🇨🇦 8:45 a.m. CDT they decide whether to leave the overnight rate at 2.25%. That hold is almost fully priced. CORRA swaps and IBKR markets both put the odds of unchanged near 96%. Hike odds are about 4–5%. Cut odds are basically zero. WSJ’s economist https://t.co/678gGBo79L
@bitcoinwell
At 9:45 AM ET on Wednesday the Bank of Canada announces what it is doing to the price of every Canadian's money. Nobody reading this gets a vote. At 3:00 PM the same day, four people spend 75 minutes on what a Canadian can do that does not require one. Adam O'Brien https://t.co/OV2aj6N3LS