Canadian Dollar Plunges As BOC Abandons Bias for Future Rate Hikes

Apr 24,2019 18:13   Source:Earnforex
The Canadian dollar is sliding midweek after the central bank removed its bias about future increases to interest rates as the economic slowdown intensifies. This has left the market betting that there will not be a rate hike until at least sometime next year. While it did pledge to adapt monetary policy to incoming data, it does not anticipate substantial growth anytime soon. On Wednesday, Bank […]

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