Category: Foreign Exchange
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Loonie Soars, Gold Slips: The Bank of Canada Shakes Up the Market
The financial world can be a bit of a seesaw, and this week, the Bank of Canada (BoC) just gave the gold market a good push down. In a move that surprised no one, the BoC slashed interest rates by a whopping 50 basis points, marking the fifth consecutive rate cut this year. This, as…