US interest rates and rate expectations fell sharply from mid-2007 through early 2008, but the term structure on the US dollar yield curve clearly shows markets expect much more through the coming two...

For a third consecutive meeting, the Bank of Canada (BoC) decided this morning to leave its overnight interest rate unchanged at 3.00%. While futures markets were pricing in a non-negligible (30-40%) ...

The Bank of Canada left their overnight target rate at 3.0% today. In the statement which accompanied the decision, the bank said that although "global inflationary pressures remain elevated," they ex...

The Bank of Canada met market expectations by holding the overnight rate steady at 3.00%. The rationale continues to be that, although there are ongoing concerns about the upside risks to inflation, t...

The Bank of Canada left its overnight money target at 3.0%, passing up any temptation to ease further for a third straight meeting. A statement accompanying the decision did not reveal any bias toward...

The market is expecting to see the reserve Bank of Australia reduce overnight lending to 7.00% on Tuesday, a cut of 25 basis points in a move that looks as though has already been priced into Aud/Usd ...

Since the Bank of Canada decided to keep rates on hold at 3% at the July 15 Fixed Announcement Date, there has been a rather significant shift not only in the economic data, but also in how the market...

After having eased the overnight interest rate by 150 basis points since December 2007 and surprisingly shifting into neutral at 3.00% in June, Tuesday’s decision by the Bank of Canada (BoC) to stand-...

The Bank of Canada met market expectations today, keeping the target for the overnight rate steady at 3.0%. This is the second meeting that the Bank has stayed on the sidelines and the neutral tone of...

The Bank of Canada met market expectations and kept the overnight rate steady at 3% indicating that "the risks to its base-case projection for inflation as balanced." The statement indicated that surp...

As expected, the Bank of Canada left rates unchanged at 3.00 percent but given the commentary in the Bank's policy statement, it appears that they have absolutely no intention of cutting rates further...

The market has undergone a profound shift in expectations since the June 10th Bank of Canada Fixed Announcement Date. Though the decision to keep rates on hold at 3% surprised the markets, the accompa...

The Bank of Canada's summer 2008 Business Outlook Survey showed a deterioration in the outlook for inflation on a number of fronts. Even more surprising, there was not a similar deterioration in the o...

The Bank of Canada proved today that it has a mind of its own. Although financial market participants unanimously expected a quarter point cut in the overnight rate, the Bank decided not to comply. Th...

The Bank of Canada defied market expectations and kept the overnight rate steady at 3% indicating that the balance of risks for the inflation outlook have shifted slightly to the upside and "that glob...

Surprising both economists and market participants, the Bank of Canada announced a quick end to its recently aggressive pace of policy easing. Against heavy forecasts of a quarter percentage point rat...

The dollar rallied sharply against the majors at the start of the week as traders focused on US economic reports released in the morning, breaking through the 106-level versus the yen. Propping the gr...

Next week brings another Fixed Announcement Date (FAD), and this one is probably a closer call than we've seen for a while. Although there are arguments for each of a 50bps rate cut, a 25bps rate cut,...