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USD/CAD steady as BoC leaves rates unchanged; boosts asset purchases

USD/CAD steady as BoC leaves rates unchanged; boosts asset purchases
Crispus Nyaga
Apr 15, 2020, 10:26 AM
  • The USD/CAD pair rose after the Bank of Canada delivered a dovish monetary policy statement.
  • The bank left interest rates unchanged and initiated a new Provincial Bond Purchase Program
  • The Canadian dollar also fell because of the rising uncertainties in the crude oil industry