USD/CAD: Oil prices are going down. Fundamental analysis for 19.07.16

Forex analytics: Last week the Bank of Canada left interest rate unchanged at the level of 0.5%, reasoning this decision by the fact that economic growth in Canada varies from quarter to quarter. The Bank has lowered the forecast for GDP growth in 2016 from 1.7% to 1.3% and from 2.3% to 2.2% in 2017. At today’s, Asian session the pair USD/CAD rose by 40 points, and the rise continued at the European session. ...