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Trump-Democrats’ Deal Lifts Sentiment, Containing USDCAD’s Decline

Posted September 7th, 2017 by BuckWingfield and filed in General News
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There are several surprises that rocked the financial markets. First, the BOC unexpected raised the policy rate by +25 bps to 1%. Second, US President Donald Trump sided with the Democrats and reached a deal to extend the debt ceiling alongside provision of aids for the victims of Hurricane Harvey. Third, Vice Fed Chair Stanley Fischer announced that he would resign his position…

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Trump-Democrats’ Deal Lifts Sentiment, Containing USDCAD’s Decline

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