Canada Interest Rate Decision
Currency: Canadian Dollar
Previous value: 0.25%
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The Bank of Canada announces BoC Interest Rate Decision. This decision depends mainly on the outlook for growth and inflation. If the Central Bank is positive about the abovementioned outlook and keeps the rate unchanged or cuts it, it will have a bearish effect on the CAD. On the other hand, if BoC demonstrates a hawkish stance and lifts the interest rate, it is taken as negative for the currency.
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