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Bank of Canada

Canadian dollar firms as investors eye U.S. stimulus progress

The Canadian dollar was trading 0.1pc higher at 1.2741 to the greenback, or 78.49 U.S. cents, having traded in a range of 1.2736 to 1.2771.

Published 15 Dec, 2020 08:03pm

Business & Finance

Bank of Canada reiterates that it could cut rates further

In speech to a business audience the day after the central bank held its key rate at a record low 0.25%.
Should things take a more persistent turn for the worse, we have a range of options at our disposal to provide additional monetary stimulus.

Published 11 Dec, 2020 12:39am

Business & Finance

Bank of Canada keeps key rate at 0.25pc, maintains QE policy

The central bank reiterated that rates would remain at their effective lower bound until economic slack is absorbed, with that not expected to happen until into 2023.

Published 09 Dec, 2020 09:13pm

Business & Finance

Bank of Canada will not ramp up bond buying, economists say

That was despite plans for C$100 billion of fiscal stimulus from the government, ultra-low interest rates and a scheduled C$16 billion of asset purchases per month by the BoC.

Published 04 Dec, 2020 06:34pm

Business & Finance

Bank of Canada says pandemic second wave to hit near term growth, holds rates steady

The central bank also said it was recalibrating its major asset purchase program to shift towards longer-term bonds.
There is a serious risk, however, that broader or more intensive restrictions could be required.

Updated 28 Oct, 2020 07:41pm

Business & Finance

Bank of Canada-linked working group set to analyze credit-sensitive benchmark

The Canadian Fixed Income Forum (CFIF) has expanded the mandate of the Canadian Alternative Reference Rate working group (CARR) to include an in-depth analysis of CDOR

Published 20 Oct, 2020 01:36am

Markets

Pandemic accelerates need to consider digital currency: Bank of Canada

The Bank of Canada has been exploring and building capacity for products like a central bank digital currency (CBDC).
"The main point, I think, is this is all looking a lot more urgent because of the speed with which technology is evolving," said Lane.

Published 15 Oct, 2020 12:24am

Business & Finance

Bank of Canada to revisit inflation-targeting, shadowing Fed

Just before the Fed's landmark decision to change its approach towards inflation rate targeting.
Over 30 economists in a Reuters poll predicted the BoC, which next meets on Sept. 9.

Published 04 Sep, 2020 05:39pm

Business & Finance

Bank of Canada sees no obvious alternative to inflation targeting

At the same time, the COVID-19 pandemic has crystallized that central banks are "likely to run out of conventional firepower" to address economic downturns in a low-interest-rate world,
We've identified some of the strengths and weaknesses of the different frameworks. But at this point, no single framework dominates on all margins.

Published 26 Aug, 2020 07:20pm

Business & Finance

Bank of Canada holds rate steady, sees economy below pre-COVID-19 levels until 2022

They've made it pretty clear that they're going to keep the pedal to the metal in terms of easy policy until the economy has recovered.
The Canadian dollar held on to earlier gains after the rate decision, trading at about C$1.3570, or 73.69 US cents.

Published 15 Jul, 2020 08:12pm

Business & Finance

Bank of Canada sees 'bumpy' recovery from pandemic

The pandemic is likely to inflict some lasting damage to demand and supply. The recovery will likely be prolonged and bumpy.
"Our main concern is to avoid a persistent drop in inflation by helping Canadians get back to work," Macklem said,

Published 22 Jun, 2020 09:15pm

Business & Finance

Bank of Canada holds rates steady, says COVID-19 impact has likely peaked

The bank slashed rates three times to a record low 0.25pc in March and launched its first ever large-scale bond buying program in response to the coronavirus pandemic and low oil prices.
The Canadian dollar rose to 1.3490 per US dollar, or 74.13 US

Published 03 Jun, 2020 07:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Petrol/Litre / Apr 29	293.94
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Diesel/Litre / Apr 29	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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