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USD/CAD Bank of Canada Holds Awaits Fiscal Stimulus

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 21, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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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[​IMG]

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