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USDCAD stays in the lower range of the up and down range

The Bank of Canada meets on Wednesday with the expectations of a 25 basis point hike to 4.5% from 4.25%. That would take the overnight rate to the highest level since 2008. Would that be it for the Bank of Canada?

Since March 2022, the price has moved from near 0% to 4.5%. That is a big job and a large impact on the variable-rate mortgages in Canada as well. Now the bank can addresses policy going forward will be what market participants will be paying attention to on Wednesday.

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Usdcad

Stays

Lower

Range

Down

Forex

Posted: Jan 23 2023, 15:24

Author Name: forexlive

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