BoC Preview | March 2024

 However, by mid-2024, economic growth is forecast to gradually strengthen. The BoC projects GDP growth of 0.8% in 2024 and 2.4% in 2025, largely unchanged from its October projection.

Canadian headline inflation concluded last year at 3.4%, and the BoC anticipates inflation to hover close to 3% during the first half of this year before gradually easing, returning to the 2% target by 2025. Higher rates and inflation have restrained consumer spending. On the labor market front, job vacancies are nearing pre-pandemic levels, but new job creation is trailing population growth. Nonetheless, with wages still rising at around 4% to 5%, hopes for a rapid reduction in inflationary pressures are somewhat dampened.

relevant analysis

CFTC Weekly Positioning Report: Agriculture Strengthens as Energy Exposure Falls — July 17, 2026

CFTC COT Report July 2026: Euro Turns Bearish as Nasdaq and Grains Attract Buyers

CFTC Positioning Signals: Gold Longs Rise, Yen Shorts Deepen, Corn Gains Momentum

US30 H1 Analysis: Dow Holds Above the 50-EMA Base as Bulls Test the 52,350 Recovery Zone

GBP/USD H1 Analysis: Pound Holds Above Its Moving Average Base as Bulls Eye 1.3290

XAU/USD 30-Minute Analysis: Gold Slips Below the Donchian Midline as 4,025 Support Comes Into Play

USD/JPY Renko Analysis: Dollar-Yen Presses 161.88 as Bullish Structure Stays Intact

WTI 30-Minute Analysis: Crude Stays Under Pressure Below Key Moving Averages as 69.00 Support Comes Into Focus

EUR/USD H1 Analysis: Euro Holds Above 1.1360 as Intraday Rebound Targets 1.1410

Bitcoin Daily Analysis: BTC/USD Breaks Below the 50-Day Average as 59,300 Support Comes Under Pressure

CFTC Report Analysis: Gold, Euro, and Copper Lead as Traders Cut Oil and Grain Bets

Latest CFTC COT Report Analysis: Speculative Positioning Shifts in Forex, Gold, Oil and Commodities – June 15, 2026