The BoC was the first institution to raise the interest rates. It has also been the first to halt the monetary tightening cycle. Is the Bank of Canada correct? The Canadian economy is still strong. Let’s look at the market outlook, and then make a USDCAD trading plan.
Fundamental forecast for the Canadian dollar monthly
It’s important to stop in your tracks. This was already done by the Bank of Canada in March. The BoC decided that 4.5% would be the new overnight rate after eight consecutive rate increases. Bloomberg experts anticipate that the BoC will continue to pause ahead of its April meeting. Was this decision… Read full author’s opinion and review in blog of #LiteFinance
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