Foyston | News

The Bank of Canada’s January Surprise: FGP’s View

The Bank of Canada (BoC) yesterday announced a surprise 0.25% cut to its target overnight rate, which now stands at 0.75%. This was the BoC’s first monetary policy action since September 2010.  The impact to some segments of the market was immediate as the Canadian dollar dropped considerably against the U.S. dollar.

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