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3 years ago

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Canadian Dollar Rises after BoC Calls Time on Rate Cuts and Offers Loonie a Freedom Pass

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Canadian Dollar Rises after BoC Calls Time on Rate Cuts and Offers Loonie a Freedom Pass

The Canadian Dollar advanced back in the direction of 2020 highs against the U.S. Dollar while placing Sterling and other currencies under pressure on Wednesday after the Bank of Canada (BoC) stayed its monetary policy course, confirming in the process that Canadian interest rates really are at the "zero lower bound."

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Canadian Dollar Rises after BoC Calls Time on Rate Cuts and Offers Loonie a Freedom Pass

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Canadian Dollar Rises after BoC Calls Time on Rate Cuts and Offers Loonie a Freedom Pass

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