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Bank of Canada to Hold Awaiting Federal Budget

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Canadian Central Bank is not Expected to Make Any Changes Ahead of the Federal Budget on March 22 The Canadian economy was able to endure the fall out from the 2008 credit crisis due to stable crude prices. Once oil tumbled it sent shockwaves through the resource based economy. The Bank of Canada (BoC) gets credit by anticipating a sharp drop and proactively cutting rates twice in 2015 leaving the Canadian benchmark rate at all time low 0.50 percent. Those moves combined with the U.S.

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