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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