USDCAD in Focus As Bank of Canada (BoC) Decision Looms

The USDCAD was able to touch below the 1.3500 price level for the first time since March 2020. The Loonie has had a lot going for it lately. The bounce in crude oil price from near-zero levels after the OPEC + production cuts of April has pushed the oil-linked currency [...]
USDCAD bank of canada

USDCAD Trades Higher As Bank of Canada (BoC) Holds Rates

The USDCAD extended its surge on Wednesday after the Bank of Canada (BoC) held rates at 0.25% as expected, following a series of emergency cuts in March 2020. The Canadian Dollar has been under pressure for several weeks following the drop in crude oil price as well as last week’s [...]