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Rise of CAD Makes Bank of Canada Job Easier

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian Dollar Is Gaining Ahead of the Central Bank Rate Announcement. The Bank of Canada (BoC) is expected to keep the benchmark interest rate unchanged at 0.50 percent on Wednesday, April 13 at 10:00 am EDT. The positive effect of a lower loonie has helped the service sector and is likely to warrant an upgrade to the central bank’s GDP forecasts. The BoC rhetoric will be reviewed to look for insights on when the economy will feel the impact of the federal budget announced last month.

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