Bank Of Canada Interest Rate Decision 5.00% Vs 5.00% Est.; 5.00% Prior (No Change)
Portfolio Pulse from Happy Mohamed
The Bank of Canada has decided to keep its interest rate steady at 5.00%, which is in line with the previous rate and the market's expectations.
September 06, 2023 | 2:00 pm
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NEUTRAL IMPACT
The decision of the Bank of Canada to maintain its interest rate at 5.00% may have a neutral impact on the iShares MSCI Canada ETF (EWC) as it was expected by the market.
The Bank of Canada's decision to keep its interest rate steady was expected by the market, which means it was likely already priced into the EWC. Therefore, this news is not expected to cause significant movement in the ETF's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70