Bank Of Canada Interest Rate Decision 5.00% Vs 5.00% Est. 5.00% Prior (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The Bank of Canada has maintained its interest rate at 5.00%, which is in line with market expectations and unchanged from the previous rate.
December 06, 2023 | 3:01 pm
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NEUTRAL IMPACT
The Bank of Canada's decision to keep interest rates unchanged at 5.00% may have a neutral impact on the iShares MSCI Canada ETF (EWC), as the decision was expected and already priced in by the market.
Since the interest rate decision was anticipated and met market expectations, there is likely to be minimal immediate impact on EWC. The ETF's performance is more broadly tied to the Canadian economy and market sentiment, rather than short-term interest rate announcements that align with expectations.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70