USD/CAD sees an 80-pip roundtrip as traders weigh BOC rate hike vs. oil weakness

As we noted in our Bank of Canada Preview report, today’s BOC meeting was never really about if the central bank would raise interest rates (even after last night’s escalation in the global trade war); instead, traders were focused on BOC policymakers’ outlook for future economic growth and what that would mean for interest rates moving forward.

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From:: Resource Investor

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