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club Felene

USD/CAD Outlook: Markets Brace for Aggressive BoC Rate Cut

by Forex Crunch
December 2, 2024
in Forex Analysis
Reading Time: 1 min read

Canada’s economy expanded by 1% in the third quarter. Markets raised the chances of another super-sized BoC rate cut from 31% to 50%.  Market participants are awaiting the US nonfarm payrolls report. The USD/CAD outlook shows a weak Canadian dollar after data last week raised the likelihood of another massive Bank of Canada rate cut…
The post USD/CAD Outlook: Markets Brace for Aggressive BoC Rate Cut appeared first on Forex Crunch.
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