Loonie advances as BOC signals higher interest rate

Note: This section contains information in English only.
Source: Bloomberg
© Dukascopy Bank
Canadian Dollar appreciated sovereign bonds declined after the Bank of Canada indicated it may raise borrowing costs since inflation and the economic growth is likely to be faster than predicted. Canadian currency gained 0.9% versus it US peer to CAD 0.9902. Currently USD/CAD is trading at CAD 0.9890.  
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