Latest news on Canada Lowers its Rate
| Bank of Canada drops interest ratepfont size="2" face="verdana,arial,helvetica,sans-serif"With the bCanadian economy/b slowing along with the rest of the world in recession, the Bank of Canada is trying to get things moving again. Therefore, a href="http://www.actionforex.com/fundamental-analysis/boc/(boc)-bank-of-canada-lowers-overnight-rate-target-by-1%102-percentage-point-to-1%102-per-cent-2009030380586/" target="_blank" title="economy, recession, interest rates, currency trading, FX market, forex trading, currencies, Aussie"Canada has lowered its interest rate/a./font/p pfont size="2" face="verdana,arial,helvetica,sans-serif"Canada is another in a string of countriesb dropping interest rates/b to something that approaches 0%. With the rate cut, Canada's rate will be 0.5%. As a result, the loonie is heading a bit lower in currency trading on the FX market./font/p p font size="2" face="verdana,arial,helvetica,sans-serif"Indeed, few currencies are in the position of the Aussie today, which is seeing a bounce from the fact that it has a href="item/227545" target="_blank" title="economy, recession, interest rates, currency trading, FX market, forex trading, currencies, Aussie"kept its rate the same/a, refusing to join the brace to 0%/b./fontbr //ph3See Also/h3ullia href="http://www.fx360.com/?aid=5704" target=%quot;_blank%quot;Currencies in Forex Trading/abr/Currency trading on the FX market/li/ul Read More Here
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