The Canadian Dollar rose after the Bank of Canada cut interest rates 50 basis points. Investors now think the end of the cycle is close.
GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.
The Canadian Dollar fell after wage and unemployment data for November opened the door to a 50 basis point rate cut at the Bank of Canada next week.
Canada’s productivity crisis has reached what Stéfane Marion, Chief Economist at National Bank of Canada, calls an “obscene” gap compared to the United States.