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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.

Developing story...

Canada BoC Interest Rate Decision below expectations (1.5%): Actual (1.25%)

Canada BoC Interest Rate Decision below expectations (1.5%): Actual (1.25%)
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US politics: Michael Bloomberg suspends campaign, positive for Biden, stocks

more to come
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