The Canadian dollar falls today, before the agreement of Canadian Bank policy builders expecting to put same, interest rates and with commodities also retreated.
The bank of the canada(BOC) will remain unchanged rates for 1%, accordingly as the forecast analysis. It was Canada amongst all seven to raise rates of interest, but its economy doesn't, look healthy even after this.
After the International fund decreasing due to crude oil the growth forecast for US and japan, it doesn't seems to demand for lowering fuel rates also. May be the requirement for fuel delivery may get slipped to 1.8 %, per barrel in NY. Gold was also affected due to this inflation pressure. Though half of the Canada's revenue was due to Gold and Oil
US Dollar to Canadian Dollar has raised to 0.9600 from 0.9565. While Euro to Canadian Dollar exchange rate lowered to 86.71 from 88.38.
