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USD/CAD Outlook: BOC Hikes Rates but Signals a Pause

Started by forex4you, Jan 29, 2023, 03:02 pm

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USD/CAD Outlook: BOC Hikes Rates but Signals a Pause

The BOC raised its benchmark interest rate on Wednesday to 4.5%. The BOC announced it would probably delay future hikes for the time being. Canada's economy will stagnate and possibly enter a recession during the year’s first half. Today's USD/CAD outlook is slightly bullish. The Bank of Canada raised its benchmark interest rate on Wednesday … Continued


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