BOC, Sluggish Metals Pressure The Loonie
Posted on January 29, 2013 at 17:17 PM EST
Tuesday, January 29, 2013 The Canadian Dollar has been under fierce selling pressure in recent sessions. Anemic growth forecasts for Canada suggest the BOC may hold rates steady, or could potentially change course and decrease rates to stimulate the economy. Crude Oil prices continue to trade near their highest levels in four months; however, both [...]

Tuesday, January 29, 2013
The Canadian Dollar has been under fierce selling pressure in recent sessions. Anemic growth forecasts for Canada suggest the BOC may hold rates steady, or could potentially change course and decrease rates to stimulate the economy. Crude Oil prices continue to trade near their highest levels in four months; however, both base and precious metal prices have pulled back. Technically, the important downside level many traders may be looking at is the 0.9900 mark, which … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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