Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Latest Economic News

The Bank of Canada may keep the rate at 2.75% due to steady inflation

July, 23 2025

Bank of America expects the Bank of Canada to leave its key interest rate unchanged at 2.75% at its July 30 meeting. As the bank's chief economist Carlos Capistran explains, the reason for this is persistent core inflation and unexpectedly strong labor market data for June.According to him, the Canadian economy added 83,100 jobs in June, mainly due to part–time employment and growth in the manufacturing sector. The unemployment rate dropped to 6.9% for the first time since January.Although overa... Read More

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