Canadian Dollar Slumps to Four-Week Low Ahead of BOC Rate Decision

Apr 24,2019 01:27   Source:Earnforex
The Canadian dollar weakened to a four-week low on Tuesday ahead of the Bank of Canada (BOC)’s decision on interest rates. The market is anticipating a prolonged pause to rate hikes, which suggests that officials are not confident that the economy can withstand a move to normalize monetary policy. Investors also traded the loonie on rallying energy prices, as well as data that showed nearly half of Canadians are on the brink of insolvency. On Wednesday, the central bank […]

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