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Wednesday, October 23, 2013

BoC leaves rate at 1%


As expected, the Bank of Canada decided to maintain its target for the overnight rate unchanged at 1% at its October monetary policy meeting.
The BoC left its key rate unchanged at 1% at his announcement today at 17.00pm
USD/CAD jumped after the statement and climbed to a new high of 1.0393 before an ease slight.
As for technical analysis, short term resistances are seen at 1.0393 and 1.0416 , while supports could be found at 1.0313 and 1.0282

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