6 September 2017, 17:44 USD/CAD at fresh 2-year lows after BOC's move
The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data have been stronger than expected, supporting the Bank’s view that growth in Canada is becoming more broadly-based and self-sustaining.
© 1999-2024 Forex EuroClub
All rights reserved