BoC Interest Rate Decision, Canada
WHAT IT INFLUENCES: CAD and its subsequent pairs
WHAT'S HAPPENING: The Bank of Canada announces the BoC Interest Rate Decision. If the Bank of Canada is hawkish about the economy's inflationary outlook and raises the interest rate, it is positive or bullish for the CAD. If the Bank is dovish about the Canadian economy and keeps or cuts the ongoing interest rate, it is seen as negative or bearish for the CAD.
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