Canadian Dollar flows try to stage a rebound after last week’s declines. Bank of Canada Governor Tiff Macklem hits newswires later on Monday. Weaker bids on Crude Oil limits CAD upside. The Loonie’s topside remains limited as Crude Oil prices fall back, limiting momentum in the Oil-dependent CAD. Bank of Canada Governor Tiff Macklem will testify before the Canadian federal government’s Standing Senate Committee on Finance later today.
USD/CAD Daily Chart Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »