December 12, 2024 – Written by Tim Boyer
STORY LINK Canadian Dollar Rallies from 4-Year Lows as BoC Cuts Rates to 3.25%
The Canadian dollar exchange rates rallied on Wednesday following the Bank of Canada policy decision.
The move had been priced in and the central bank also signalled a more cautious stance on further rate cuts which triggered a paring of short positions.
The US Dollar to Canadian dollar exchange rate (USD/CAD) retreated to 1.4125 from 4-year highs near 1.4200.
The Pound to Canadian dollar…
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