28

Jan

What’s Behind the Sell-Off in USD/CAD?

Posted by Kathy Lien  Published in 2009 canadian dollar, Bank of Canada, Canadian Dollar, USD/CAD, forex blog
The biggest mover this morning is the Canadian dollar which has rallied close to 300 pips against the US dollar and is closing in on the 1.20 level. What’s behind the move? 1. Major merger and acquisition flow. Mexican breadmaker Bimbo closed on a $2.38 billion acquisition of U.S. Bread making unit of Canada’s [...]
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20

Jan

Canadian Interest Rates Could be Headed to US Levels

Posted by Kathy Lien  Published in Bank of Canada, Canadian Dollar, forex blog
The Bank of Canada cut interest rates to 1.00 percent, the lowest level ever for the 75 year old central bank and signaled that they could bring interest rates down to US levels. The historic move was motivated by the sharp downturn in the US economy and the continual slide in oil prices. [...]
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20

Jan

Canadian Interest Rates Could be Headed to US Levels

Posted by Kathy Lien  Published in Bank of Canada, Canadian Dollar, forex blog
The Bank of Canada cut interest rates to 1.00 percent, the lowest level ever for the 75 year old central bank and signaled that they could bring interest rates down to US levels. The historic move was motivated by the sharp downturn in the US economy and the continual slide in oil prices. [...]
no comment