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What the Bank of Canada decision means for the Canadian dollar
Adam Button, chief currency analyst at ForexLive, reacts to the Bank of Canada decision on October 25, 2017. He spoke to BNN about the outlook for interest rates and the Canadian dollar in the moments after the headlines crossed. Adam says the BOC whipsawed the market and that the chances of another hike before year-end had fallen to zero. On the forex market, he said the Canadian dollar will slump in the days and weeks ahead as the market reprices.
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