The Bank of Canada Raises Its Rate to 2.50 Percent Weeks After Canada Lost 68,000 Jobs in September and Unemployment Rose to 6.5 Percent in the Second Straight Monthly Fall

Not enough comparable past events yet for a historical read.

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Sep 22, 2023Rate hike bets lift Canadian dollar to second straight weekly gain - The Globe and Mail+2.3%
• Dec 9, 2020Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program - Bank of Canada+4.3%
• Dec 3, 2021Canadian dollar rebounds from 10-week low after jobs surge - The Globe and Mail+6.5%
• Nov 24, 2020Canadian dollar climbs to 2-week high as Biden transition boosts Wall Street - The Globe and Mail+3.7%
• Sep 17, 2026Investors are increasing their bets on the Thai baht weakening to its highest level in two months, affected by high oil prices and a stronger dollar. - Money & Banking Magazine-9.9%