Instant View: Bank of Canada leaves benchmark interest rate unchanged

Instant View: Bank of Canada leaves benchmark interest rate unchanged

Source: EODHD - https://www.investing.com/news/economy-news/instant-view-bank-of-canada-leavesbenchmark-interest-rate-unchanged-4160297
Published: Jul 30, 2025 10:11 AM

TORONTO (Reuters) -The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%. MARKET REACTION: The loonie was trading 0.3% lower at 1.3815 per U.S. dollar, or 72.39 U.S. cents, as the greenback notched broad-based gains. LINK: COMMENTS NICK REES, SENIOR FX MARKET ANALYST AT MONEX EUROPE LTD "While this latest decision to leave rates unchanged was as expected, the BoC retains an easing bias in its most recent set of communications. Any decision to resume cutting, however, is once again seemingly predicated on the Governing Council gaining more clarity over an uncertain outlook, suggesting to us that further rate cuts may be some time away yet. Bearing all that in mind, it is u...

Market context: This update is relevant to USD traders, with USDCAD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.