The BoC lowered borrowing costs by 25-bps as expected. Canada’s central bank downgraded its economic forecasts. The Federal Reserve kept rates unchanged as expected. The USD/CAD forecast shows a divergence in policy and economic outlooks between the Bank of Canada and the Fed due to Trump’s policies. BoC policymakers are worried Trump’s tariffs will weaken…
The post USD/CAD Forecast: BoC-Fed Divergence Widens After Trump appeared first on Forex Crunch.
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