By: Martin Jekic
Canada is known for its stunning landscapes, diverse culture, and some unique features that set it apart from the rest of the world. One such feature is its currency. The Canadian dollar bills are not just colorful and vibrant; they are also known for their durability and resistance to wear and tear. But what about […]
read moreBy: Martin Jekic
Analysis of the USD/CAD pair ahead of the Bank of Canada rate decision Before the Bank of Canada’s interest rate decision later in the day, the USD/CAD pair is moving. At 5.7%, inflation is at its highest level in 30 years, and unemployment is at its highest level ever, so the central bank is likely […]
read moreBy: Martin Jekic
The Bank of Canada raises its key rate by 50 basis points as expected and pushes the USD/CAD pair lower The key rate at the Bank of Canada is now 1%, which is its highest level since the pandemic started in March 2020. As expected, the Bank of Canada (BOC) raised rates today by 50 basis […]
read more