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January 2025

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5 mins0
  • Currency

Will Canadian Interest Rates Drop Again in 2025? What It Means for You

As 2025 begins, many Canadians are wondering whether interest rates will continue to fall. The Bank of Canada (BoC) has already reduced its benchmark interest rate several times in recent months, bringing it to 4.25% as of late 2024. These decisions were made to stimulate the economy amid signs of slowing growth. But will the

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Monex1 10 months ago
4 mins0
  • Currency

Why is the Canadian Dollar Losing Value Against the U.S. Dollar as We Enter 2025?

The Canadian dollar (CAD) has started 2025 on a challenging note, continuing a downward trend that began in late 2024. As of January 3, the CAD is at its lowest point against the U.S. dollar (USD) in nearly five years. Several economic and geopolitical factors that unfolded in 2024 and persist into the new year

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Monex1 10 months ago10 months ago

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