CAD Rebound To Lose Steam

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Yesterday's Bank of Canada meeting was interpreted as slightly less dovish than expected, providing CAD with a solid boost. The BoC held rates at 0.5% as widely expected and downgraded its short-term economic outlook as wildfires have forced the shutdown of several oil sand projects. The central bank's preliminary assessment[​IMG]

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