Kyle is FX Markets Analyst at Ballinger & Co. who is a specialist FX broker providing flexible and innovative foreign exchange services to corporate and institutional clients globally. He is skilled in Strategy, Communication, and Research.
The Bank of Canada kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday but the bank's head said a cut in June was possible if a recent cooling trend in inflation is sustained.
Canada's annual inflation rate slowed to a three-year low of 2.7% in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.
Canada's annual inflation rate slowed to a three-year low of 2.7% in April and core measures continued to ease, data showed on Tuesday, prompting money markets to see an increased chance of an interest rate cut in June.