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Story Of The Usdcad Forex Chart

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I am very interested in anything related to the CAD or the Canadian dollar since I live in Canada. Not only do I hold a USD bank account but also hold a long position(s) in the USDCAD Forex pair buying on certain types of dips.

We’ve had a contraction in our economy since oil prices have tanked and Ontario, once a manufacturing powerhouse, has become the province of debt and increasing hydro rates.

When there is a contraction in the economy, the Fed Banks look to interest rates thinking that will spur the economy. Today, we had a BOC rate announcement and as many of us expected, the rate was cut for the second time in 2015. Cutting rates may have the effect the central bank thinks it will but there are also two cautions as well.

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