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Aloris FX Update, Wednesday April 15, 2015

Posted April 16, 2015

Under Economic Issues

The Canadian Dollar has strengthened this morning after the Bank of Canada interest rate announcement. The BoC left the interest rate unchanged at 0.75% but were positive about the growth forecasts for the Canadian economy and the global economy in general. This increased growth will help make up for the weak first quarter numbers in Canada which were largely due the oil price shock. The BoC also removed hints of further rate decreases, although this does remain a possibility. 

 

Update Courtesy of: Johny Nusbaum | Foreign Currency Trader | Aloris Mercantile Corp | Toll Free: 1-800-298-1231