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Canadian Dollar Holds Steady as Bank of Canada Pauses, Eyes Potential Tightening

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The Story

News Summary

  • The Canadian dollar eased from two-month highs after the Bank of Canada held rates at 2.25%, citing strong GDP and labor but noted risks from weaker Q4 growth and lower oil prices, reducing near-term easing odds but raising potential for later tightening.
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1.39 +0.72% over the displayed period

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