Investors are taking a wait-and-see approach with the Canadian dollar ahead of tomorrow’s Bank of Canada interest rate policy announcement. The expectation is that the Bank will hold the line on rates leaving the benchmark interest rate at 1.0 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.