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- Oct 27, 2009
- Messages
- 1,210
Canadian Dollar COLLAPSES To Four-Year Low
Canada will not reap the benefits of a strengthening U.S. economy or
from improving global growth, according to the International Monetary
Fund (IMF). Yesterday, the IMF maintained its forecast from last October
for the Canadian economy to grow by only 2.2% this year, though it
raised its growth predictions for other major economies.
http://www.forbes.com/sites/deanpopplewell/2014/01/22/canadian-dollar-drops-to-four-year-low/
USD/CAD - Surging Greenback Pushes Above 1.10
The Canadian dollar continues to struggle as USD/CAD has punched across
the key 1.10 level in Wednesday trading. In economic news, the Bank of
Canada held course with interest rate levels, maintaining the benchmark
rate at an even 1.0%. It's another quiet day in the US, with no releases
scheduled until Thursday. Meanwhile, the World Economic Forum has
kicked off in Davos, Switzerland.
http://www.actionforex.com/analysis/daily-forex-fundamentals/usd%10cad---surging-greenback-pushes-above-1.10-as-bank-of-canada-holds-rates-20140122206690/
Canada will not reap the benefits of a strengthening U.S. economy or
from improving global growth, according to the International Monetary
Fund (IMF). Yesterday, the IMF maintained its forecast from last October
for the Canadian economy to grow by only 2.2% this year, though it
raised its growth predictions for other major economies.
http://www.forbes.com/sites/deanpopplewell/2014/01/22/canadian-dollar-drops-to-four-year-low/
USD/CAD - Surging Greenback Pushes Above 1.10
The Canadian dollar continues to struggle as USD/CAD has punched across
the key 1.10 level in Wednesday trading. In economic news, the Bank of
Canada held course with interest rate levels, maintaining the benchmark
rate at an even 1.0%. It's another quiet day in the US, with no releases
scheduled until Thursday. Meanwhile, the World Economic Forum has
kicked off in Davos, Switzerland.
http://www.actionforex.com/analysis/daily-forex-fundamentals/usd%10cad---surging-greenback-pushes-above-1.10-as-bank-of-canada-holds-rates-20140122206690/