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Market Impact: 0.35
Canadian dollar weakens ahead of BoC rate decision, 10-year yield hits a two-year high
Source: The Globe and Mail
Monetary PolicyInterest Rates & YieldsCurrency & FXInflation
The Canadian dollar weakened versus the U.S. dollar as investors increasingly priced a Fed rate hike next month. A broader global bond sell-off also supported Canadian borrowing costs ahead of the Bank of Canada’s upcoming rate decision.
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