The Bank of Canada is the major hawk among the central banks issuing the world’s leading currencies
Despite a decline in oil price and an increase in the probability of the BoC rate cut in the next 12 months up to 80%, the Canadian dollar remains among the G10 top currencies. Since the beginning of the year, the CAD has increased against the USD by 2.65%, which can be reasonably explained. Unlike the Fed and other global leading central banks, the Bank of Canada continues to be optimistic about the outlook of the Canada’s economy. So, it may continue tightening…
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