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4 Mar 2020
Breaking: BoC lowers policy rate by 50 basis points to 1.25%, USD/CAD spikes toward 1.3400
The Bank of Canada has decided to lower its policy rate by 50 basis points to 1.25% from 1.75% with an aim to help the economy battle the negative impact of the coronavirus outbreak on the economy.
With the initial market reaction, the USD/CAD pair spiked to 1.3400 area.
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