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BOC Rate Decision: It’s Not Just The CAD In Play
The BOC is widely expected to cut rates when it meets tomorrow, which naturally will be the big news for the CAD. But, given the similarities and interconnectedness with the US economy, investors will also be looking to see if this is another occasion of the BOC “leading” the Fed. Typically, the BOC meets before the FOMC, meaning it responds to the situation before its much bigger southern counterpart. There are a couple of differences this time around, though. The BOC maintains a 1-3% target range, unlike the Fed’s “around” 2% target which is more precise. Canadian inflation has been within this range for ... (full story)
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- Posted: Jun 4, 2024 11:08am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,736
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