Not even Bank of Canada Governor Poloz’s comments helped the Canadian dollar, he said policy makers will need to keep interest rates easier for now to help the economy adjust to lower oil prices and trade uncertainty. The governor expressed confidence the country will emerge from its current soft patch, though he was noncommittal on whether that would prompt him to return to a hiking cycle. He is walking a fine line and as such he really cannot give any direction until the Canadian economy shows signs of growth.
Currently Close Range
USDCAD 1.3357 1.3307 1.3305-1.3374
EURCAD 1.4943 1.4921 1.4907-1.4961
GBPCAD 1.7405 1.7435 1.7328-1.7438
Prior Actual
US: Durable Goods Orders February 0.1% -1.6%
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