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Stock impact report

BOC Delivers Jumbo Cut But Suggests More Easing Far From Certain [Yahoo! Finance]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Yahoo! Finance
pace of adjustments — pushing back on expectations of a rush to cheaper borrowing costs. Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters American Institute of Architects CEO Resigns Cloud Computing Tax Threatens Chicago's Silicon Valley Dream San Francisco, Paris Named Best Cities for Urban Transportation DC Business Leaders Welcome Return-to-Office Policy Under Trump On Wednesday, officials cut the benchmark overnight rate by 50 basis points to 3.25%, bringing the tally to 175 basis points of easing in a little over half a year. But in their statement, the bank removed an explicit reference that they were expecting to reduce the policy rate further, replacing that with wording that suggested they'd evaluate “the need for further reductions in the policy rate one decision at a time.” Market reaction was swift — traders in overnight swap markets priced a higher terminal rate this cycle and bond yields rose. The loonie traded higher agai Show less Read more
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