BREAKING NEWS: BANK OF CANADA HIKES RATES 0.25%

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Via Reuters:

08:59 01Jun10 RTRS-BANK OF CANADA RAISES KEY RATE BY 25 BASIS PTS TO 0.50 PCT, SAYS WILL CAREFULLY WEIGH FURTHER HIKES AGAINST DOMESTIC, GLOBAL ECONOMIC DEVELOPMENTS
08:59 01Jun10 RTRS-BOC SEES “CONSIDERABLE UNCERTAINTY” SURROUNDING OUTLOOK, CITES POSSIBILITY OF RENEWED WEAKNESS IN EUROPE
08:59 01Jun10 RTRS-BOC SAYS MOVE STILL LEAVES CONSIDERABLE MONETARY STIMULUS IN PLACE IN LIGHT OF SIGNIFICANT EXCESS SUPPLY, STRONG DOMESTIC SPENDING, UNEVEN GLOBAL RECOVERY
08:59 01Jun10 RTRS-BOC SAYS ACTIVITY IN CANADA UNFOLDING LARGELY AS EXPECTED, CPI IN LINE WITH APRIL PROJECTIONS
08:59 01Jun10 RTRS-BOC SAYS CANADA HOUSEHOLD SPENDING EXPECTED TO SLOW , PICKUP IN BUSINESS INVESTMENT IMPORTANT FOR BALANCED RECOVERY
08:59 01Jun10 RTRS-BOC-SPILLOVER TO CANADA FROM EUROPE HAS BEEN LIMITED TO MODEST FALL IN COMMODITY PRICES, TIGHTER FINANCIAL CONDITIONS
08:59 01Jun10 RTRS-BOC SAYS HOUSEHOLD, BANK AND SOVEREIGN DELEVERAGING WILL ADD TO VARIABILITY AND TEMPER PACE OF GLOBAL GROWTH
08:59 01Jun10 RTRS-BOC-RECENT EUROPE TENSIONS WILL LIKELY RESULT IN HIGHER BORROWING COSTS AND FASTER TIGHTENING OF FISCAL POLICY IN SOME COUNTRIES
08:59 01Jun10 RTRS-BOC-IN MOST ADVANCED ECONOMIES THE RECOVERY IS HEAVILY DEPENDENT ON MONETARY AND FISCAL STIMULUS
08:59 01Jun10 RTRS-BOC TO RE-ESTABLISH NORMAL OVERNIGHT MARKET OPERATIONS, WITH TARGET FOR O/N RATE AT MIDPOINT OF OPERATING BAND
08:59 01Jun10 RTRS-BOC SAYS WILL MAKE 0VERNIGHT STANDING PRA A PERMANENT PART OF FRAMEWORK, WILL CONDUCT SPRAS AS NEEDED

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