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The Bank of Canada (BoC) cut its overnight rate by 25 basis points, to 4.25%, while stating that it will continue with Quantitative Tightening (QT). The Bank noted the recent softening in economic data, affirming that “preliminary indicators suggest that economic activity was soft through June and July” and that “the labour market continues to […]

The post Bank of Canada Cuts Rates Again, Signals More to Come appeared first on Action Forex.

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