👉The Bank of Canada's policy decision was hawkish, but it was countered by comments that rates may not need to rise further if the economy slows. The USD/CAD exchange rate dropped to roughly 1.3600 from 1.3655 right before the decision but saw substantial purchasing demand. GBP/CAD fell from 8-month highs of 1.6700 to 1.6600 on Tuesday. The Fed remains concerned about inflation. "Inflation is still too high and short-term expectations are strong," it said. The longer consumers and businesses expect inflation to be above target, the more inflation could become entrenched. The next rate decision and MPR update is on January 25.✅ . . #GBPCAD #CAD #exchangerate #CDAtoGBP #CADtoUSD #CADtoINR #bankinterestincanada #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉The Canadian dollar fell to as little as 75.15 (₹60.5) cents the US at one point on Friday. This has been the lowest since October 2020. CAD was off by about half a cent from Thursday's close, just the latest down day in a stretch of them for Canada's currency. ✅ . . #Canadiandollar #CAD #CADtoINR #Indianrupee #USD #currencyrate #rateofCAD #dailynewscanada #candadianmallu #mnm #malayalisnearmeapp #canadaupdate #canadanews