The loonie is on the top in the second quarter supported by the same factors that were driving the greenback up in the first quarter
Loonie has naturally become one of the best G10 performers. When the world’s leading central banks are willing to start monetary easing responding to a slowdown in global growth, the BoC looks like an outlier as it is going to retain its interest rate unchanged, at 1.75%. Stephen Poloz believes that the talks about monetary expansion when the national economy is on the verge of recession unbalance the markets. Investors are buying stocks, inflating the...
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