The file initially posted on 11 June 2020 for this Corrigendum to the Recommendation was replaced on 17 July to correct a minor typographical error in the ...
USD/CAD aims to break above 1.3800 as investors expect the BoC to cut interest rates by 50 bps on Wednesday. The Canadian economy needs more stimulus to uplift overall demand and job growth.
USD/CAD scales higher for the ninth straight day and climbs to over a two-month top on Monday. Sliding Oil prices undermine the Loonie and lend some support to the pair amid a bullish USD.