Webinar: Bank of Canada Rate Decision, Oil and the Canadian Dollar
- The Bank of Canada to announce their latest monetary policy decision
- Will the OPEC meeting Thursday move the Loonie?
Coverage of the latest Bank of Canada rate decision with no change expected and with no accompanying policy report. In this webinar we will look at the outlook for the Canadian Dollar, potential trade ideas and other external factors that may move the Loonie.
The 172nd OPEC meeting on Thursday, May 25, is more likely to move the Canadian Dollar due to the strong correlation between the two assets. With a 6-9 month production cut extension already priced into the market, any disappointment could send CAD tumbling.
Chart: USDCAD Daily Timeframe (Jan 26 – May 24, 2017)
--- Written by Nick Cawley, Analyst
To contact Nick, email him at firstname.lastname@example.org
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