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CAD Spurred by BoC Inaction & Oil jump

by Ashraf Laidi
Mar 4, 2015 19:29

The Canadian dollar jumps across the board after the Bank of Canada announced keeping rates unchanged at 0.75%, stating that “inflation is now more balanced” and current degree of policy stimulus remains “appropriate”. The first 4-day consecutive rally in crude oil since June also helped. Charts & analysis.

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CAD Spurred by BoC Inaction & Oil jump - Crude Oil Mar 4 2015 (Chart 1)

 
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