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Day: December 2, 2015
December 22015
Canadian Dollar Trades Mixed Ahead of BoC
The Bank of Canada is expected to make a policy announcement today. However, with expectations that the central bank will stay the course, the loonie is trading mixed and somewhat rangebound today. Analysts and Forex traders expect the Bank of Canada to keep the interest rate unchanged at 0.5 per cent today. There isn’t much to point to a rate hike anytime soon. In fact, speculation is beginning that the BoC might decide to ease […]
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December 22015
Greenback Surges After ADP Jobs Report
The latest ADP jobs report is solidifying expectations that the Federal Reserve will raise rates at its meeting in two weeks. With large gains for November and an upwardly revised report for October, many feel that the job growth is steady enough to support the economy. A report released by ADP indicates that private-sector jobs grew by 217,000 in November, while the October number was revised upward to 196,000. Analysts say that this […]
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