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USD/CAD Bank of Canada Holds Awaits Fiscal Stimulus

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Bank of Canada (BoC) held the benchmark interest rate at 0.50 percent in the first policy meeting of the year. The market expectations for a rate cut had accelerated given the rapid decline of oil prices and the weakness of global stock markets. The Canadian dollar had followed the price of oil on a downward move and it was speculated that the BoC could cut rates to get ahead of the market. The Canadian government on Tuesday had given no details on the first budget of the Liberal

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