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Loonie above 1.3500 on BoC’s statement

Bank of Canada pushed aside its rate hike desires as the economy slows, with the dropping of the tightening bias matching expectations. The policy...

Loonie in a descending Triangle

USDCAD, Daily The Dollar majors have been plying narrow ranges in very thin conditions, with European centres remaining closed, along with Hong Kong and Australia,...

Data back a steady BoC

USDCAD The decidedly data dependent Bank of Canada has maintained that the current sluggish growth performance is a detour from the expansionary path that prevailed...

BOC unchanged – Loonie at 1.3440

BoC held rates steady at 1.75%, matching widespread expectations. The bank watered down its commitment to normalization, saying "Governing Council judges that the outlook...

Inflation, BOC and how CAD could behave today

USDCAD Today, Canada releases its December inflation figures. The three core CPI measures are expected to hold around the 1.9% rates that were seen in...

Loonie and Oil up for 6th straight session

USDCAD and USOIL Oil broke the key $50 level and is currently challenging the R1 from Pivot Point analysis at 50.37. Hopes for a solution...

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