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BOC Drops its Hawkish Bias, USD/CAD Breaks Above 1.3500

April 24, 2019 11:20 AM
To the surprise of no informed market participant, the Bank of Canada left interest rates unchanged at 1.75% in today’s monetary policy meeting. A pre-meeting Bloomberg poll of 24 economists showed this result was unanimously expected, so the “decision” itself didn’t lead to any meaningful market moves...