Loonie Awaiting Bank of Canada Rate Decision

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Plunging Oil Prices and Scarce Details on Fiscal Stimulus Might Force BoC to Cut Interest Rate At the end of 2015 the possibility of a rate cut from the Canadian central bank in January was low with the majority of analysts putting it beyond the first quarter of 2016. The Federal Reserve had just announced a much-awaited rate hike to the U.S. benchmark which gave some breathing room to the Bank of Canada (BoC) regarding its next move. The CAD depreciated giving an edge to exporters and boost

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