BOC Opening Door to Cuts, Hikes Indicate Rate Change is In Offing -- Market Talk

Dow Jones

Apr 30

1725 ET - Traders weren't really interested in what Bank of Canada Gov. Tiff Macklem was saying about the decision to hold rates steady, says Derek Holt, economist at Bank of Nova Scotia. The BOC's communications, he argues, were "stale on arrival," with traders instead eyeing higher interest rates due to sharply higher oil prices on fresh trouble in the U.S.-Iran conflict. Expectations for at least two rate hikes in Canada rose in overnight-index swap trading, with Brent and WTI trading above $100 a barrel. Holt says Macklem opening the door to future rate changes -- both hikes and cuts -- suggests the probability of policy change is higher. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

April 29, 2026 17:25 ET (21:25 GMT)

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Tiff Macklem was saying about the decision to hold rates steady, says Derek Holt, economist at Bank of Nova Scotia. The BOC's communications, he argues, were \"stale on arrival,\" with traders instead eyeing higher interest rates due to sharply higher oil prices on fresh trouble in the U.S.-Iran conflict. Expectations for at least two rate hikes in Canada rose in overnight-index swap trading, with Brent and WTI trading above $100 a barrel. Holt says Macklem opening the door to future rate changes -- both hikes and cuts -- suggests the probability of policy change is higher. 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Tiff Macklem was saying about the decision to hold rates steady, says Derek Holt, economist at Bank of Nova Scotia. The BOC's communications, he argues, were \"stale on arrival,\" with traders instead eyeing higher interest rates due to sharply higher oil prices on fresh trouble in the U.S.-Iran conflict. Expectations for at least two rate hikes in Canada rose in overnight-index swap trading, with Brent and WTI trading above $100 a barrel. Holt says Macklem opening the door to future rate changes -- both hikes and cuts -- suggests the probability of policy change is higher. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2026 17:25 ET (21:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631352280","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631352280","pubTimestamp":1777497900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1725 ET - Traders weren't really interested in what Bank of Canada Gov. Tiff Macklem was saying about the decision to hold rates steady, says Derek Holt, economist at Bank of Nova Scotia. The BOC's communications, he argues, were \"stale on arrival,\" with traders instead eyeing higher interest rates due to sharply higher oil prices on fresh trouble in the U.S.-Iran conflict. Expectations for at least two rate hikes in Canada rose in overnight-index swap trading, with Brent and WTI trading above $100 a barrel. Holt says Macklem opening the door to future rate changes -- both hikes and cuts -- suggests the probability of policy change is higher. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4009":"广告","BOC":"Boston Omaha Corporation"},"translate_title":"中国银行敞开降息大门，加息表明利率即将改变——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOC":1.5},"content_text":"1725 ET - Traders weren't really interested in what Bank of Canada Gov. 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(paul.vieira@wsj.com; @paulvieira) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2026 17:25 ET (21:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}