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The Bank of Canada left its overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%, while flagging high energy prices from the Middle East conflict and fresh US tariffs plus Canadian counter-measures after trade talks collapsed. The statement notes financial conditions have tightened since July as long-term bond yields rose globally, and Q2 GDP rebounded 3.3% after a very weak first quarter, which reduces the case for near-term easing and keeps CAD supported against a softer US dollar. The Macklem press conference at 10:30 AM ET is the next catalyst, and any signal that tariff damage outweighs the growth rebound would revive cut expectations, soften CAD, and support duration and risk-asset beta including BTC.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F, BTC.
Original Source: InvestingLive Central Banks
This page is market information analysis, not investment advice.
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