Why the Canadian Dollar is more vulnerable to bad news than go | Forex Trading Experts 📊 HYCM

Why the Canadian Dollar is more vulnerable to bad news than good?

The latest communication from the BoC shows that the bank is clearly on an interest rate hiking path. Earlier in October governor Tiff Macklem said that he remains firmly on an interest-rate hiking path saying that price pressures are clearly elevated and risk becoming entrenched without further interest rate hikes. So, with that in mind here is a look at what to be mindful of when trading the CAD.

Despite the more hawkish comments from Governor Macklem there is a slowdown in the Canadian economy. House prices have been falling, jobs decreasing, and inflation has also been falling lower. The headline inflation figure has been dropping.

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