Mid-Day Report: Canadian Dollar Extends Rally after Upbeat BoC Statement

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03-02-2010, 02:31 PM

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Mid-Day Report: Canadian Dollar Extends Rally after Upbeat BoC Statement

Canadian dollar is the strongest currency today and extends its strength after an upbeat statement from BoC. Bank of Canada left rates unchanged at 0.25% as widely expected and reiterated the conditional commitment to be on hold until end of Q2. NEvertheless, the bank did acknowledged that "level of economic...

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