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home / news releases / ZCAN - Canada Builds The Case For Higher Rates

ZCAN - Canada Builds The Case For Higher Rates

SPDR Solactive Canada ETF
  • The Bank of Canada left the policy rate unchanged at 0.25% and weekly QE asset purchases at C$3 billion.
  • However, it offered hints that we should expect further QE tapering soon with a rate hike firmly on the agenda for the second half of next year.
  • In FX, this should translate into USD/CAD trading consistently below 1.20 in 2H21.

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Canada Builds The Case For Higher Rates
Stock Information
Company Name: SPDR Solactive Canada ETF
Stock Symbol: ZCAN
Market: NYSE
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