Bank of Canada Monetary Policy Update for January 2015

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Bank of Canada Monetary Policy Update In what comes as a surprise, the Bank of Canada slashed its benchmark interest rates from 1% to 0.75%, a 25bps cut, citing the oil price shock. While the markets were expecting a rate cut later this year, today’s move by Canada’s Central Bank clearly shows that Canada would now prefer to see a weaker Canadian Dollar in order to offset the downward pressure du...

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