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Mark O' Donnell
 · 
Research Analyst
April 21, 2021
 · 

Canadian Dollar strengthens against partners after statements from Central Bank

Canadian Dollar strengthens against partners after statements from Central Bank

On Wednesday, 22/04, the Canadian Central Bank advised that it was to lower the value of its weekly bond purchases. The move, necessary due to the Canadian economy making strides toward its recovery, will be implemented next week. As a result, the Canadian Dollar immediately strengthened against its trading partners after the Central Bank announcement. Moving forward, it will be interesting to watch where the CAD goes in the next hours and days.

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