Bank of Canada holds key rate steady

Bank of Canada holds key rate steady

November 1, 2019

“The statement didn’t explicitly indicate that Canada’s central bank is considering rate cuts in the near future, but its emphasis on the continuing vulnerability of the Canadian economy to global uncertainty was enough to prompt currency traders to drag the Canadian unit down from its lofty perch near its highs for the year before the statement,” said Don Curren, market strategist at Cambridge Global Payments.

Read the Yahoo Finance Canada article here: https://yhoo.it/2pnnNko

 

For further information, please contact Cambridge Global Payments

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