USD/CAD: interest rate decision by the Bank of Canada

Forex analytics: Last Wednesday the Bank of Canada left interest rate unchanged at the level of 0.5%, which, at first did not affect exchange rate of the Canadian dollar. However, later the CAD started to rise. The Bank has upgraded economic growth forecast for 2016, stating that new tax and budget measures launched by the Canadian government should have positive impact on the economy.Nevertheless, the CAD has ...