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BoC to hold overnight rate at 1.75% through 2020 and H1 2021 – Reuters

27 of 39 economists surveyed by Reuters expect the Bank of Canada (BoC) to keep its overnight rate unchanged at 1.75% through 2020 and the first half of 2021, a recently conducted poll showed on Friday.

"The Canadian economy does not need a rate cut before the end of 2020, said about 75% of 23 economists," Reuters reported. "The recent slowdown in the Canadian economy is temporary, said 18 of 21 economists."

The USD/CAD pair, which was up 0.08% on the day at 1.3050 at the time of press, doesn't seem to be reacting to these headlines. 

 

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