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Bank of Canada Duguay on the newswires

Written February 8, 2010 at 12:18 PM EST by Greg Michalowski 

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Repeats the BOCs comment that the central bank will keep the rate at 0.25% until the end of the 2nd quarter. Says Canada strength continues to be a drag on the economy but the economy is likely to grow 2.9% in 2010.

gregmike-00361

The USDCAD remains contained in a narrow up and down range (see prior post). The 1.0706 level continues to be a ceiling today.

Categories: Forex Trading  |  
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