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USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

January 25, 2024

Via: DailyFX

Yesterday the Bank of Canada (BoC) kept rates unchanged in line with broad expectations. However, the bank did signal that interest rates have peaked via a change in the wording of the January 24th statement. The committee decided to move away from prior wording which alluded to whether monetary policy is restrictive enough, to wording around how long the current level of interest rates ought to remain to ensure a return to the price target.

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