Usd cad

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...

BOC Preview: Will Poloz and Company Shift into Neutral This Month…Or Next?

March 5, 2019 5:28 PM
The Bank of Canada will deliver its interest rate “decision” and monetary policy statement in tomorrow morning’s US session. According to futures markets, traders are not expecting any changes to monetary policy tomorrow and only a 16% chance of a rate hike by the BOC’s July meeting.

9 Reasons USD/CAD is Today’s Strongest Currency Pair

March 1, 2019 1:40 PM
Bullish developments abound today for USD/CAD, explaining why the pair is the day’s strongest major cross. There are at least nine major developments supporting today’s surge...