Canadian Dollar falls to three year low on possible rate cut

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Source: Bloomberg
Canada's Dollar depreciated to a three-year low as traders speculated on that the nation's central bank will speak on a possible rate cut at the policy announcement; however, it is expected that the Bank of Canada officials will keep the benchmark rate at 1%. The Canadian currency dropped 0.2% to C$1.0665 per U.S. Dollar as of 8:55 a.m. Toronto time, earlier it reached C$1.0678 per U.S. Dollar.
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