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Canadian Dollar Risks Taunting the BoC into an Interest Rate Cut
The Canadian Dollar saw a mixed performance Thursday but is on course to extend its 2019 gains in the months ahead according MUFG, although this strength is part of what could force the Bank of Canada (BoC) into an interest rate cut before year-end. Canada's Dollar traded higher against around half the G10 basket Thursday after a 'dovish' interest rate statement from the Bank of Canada failed to knock the currency off its perch as the developed world's best performing currency in July and for 2019 overall. Thursday's performance came amid further modest losses for the U.S. Dollar and as financial markets prepare for ... (full story)