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CAD Soars on Hawkish BoC Comments

posted by Avatar fx360 816 days ago in CAD, Daily made popular 816 days ago

The Bank of Canada backed off their pledge to leave interest rates unchanged until June, sending the Canadian dollar sharply higher. In our preview to the rate announcement, we said stronger economic data could encourage more optimistic comments from the BoC but their statement was even more hawkish than we had anticipated.
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