UPDATE 2-Bank of Canada holds rates, prospects rise for a July hike [Reuters (UK)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Reuters
UPDATE 2-Bank of Canada holds rates, prospects rise for a July hike | Reuters Reuters Staff 3 Min Read (Adds market, economist reaction) By Andrea Hopkins and Leah Schnurr OTTAWA, April 18 (Reuters) - The Bank of Canada held interest rates steady on Wednesday, as expected, but said more hikes will be needed over time and pointed to a pick up in wage growth and inflation, two issues that have concerned the central bank. It has increased rates three times since July 2017. “We think the bank is on track to raise rates by July,” said Sal Guatieri, senior economist at BMO Capital Markets. “Clearly any bad news on the trade protectionism front or NAFTA talks would delay the Bank of Canada or if we see the housing market weakening more than expected in response to the tougher mortgage rules,” Guatieri added. The Canadian dollar weakened slightly against its U.S. counterpart as some investors had bet on a surprise hike or more hawkish language from policymakers, but the currency could regain
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Earnings
- 2/28/24 - Beat
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Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form 424B2
- 4/17/24 - Form 424B2
- RY's page on the SEC website