The Canadian dollar is falling after the Bank of Canada decision for all the wrong reasons ...Middle East

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The Canadian dollar is falling after the Bank of Canada decision for all the wrong reasons
The Canadian dollar is dropping on the Bank of Canada rate decision for the usual reasons. It's not because the Bank of Canada removed a line about possibly hiking rates -- the market has known for a long time that rate hikes were done.So why is the Canadian dollar falling?It's because the Bank of Canada wasn't dovish enough. What? Isn't that the opposite of how markets usually work?It is but it reverses when central banks miss a turning point. Canada's economy is struggling, you can see it from the BOC's own forecast of 0.8% GDP growth this year (following two flat quarters in Q3/Q4). Canada is in a recession and it will only get worse as mortgage resets hit. You can see it in consumer spen

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