Tuesday, March 4, 2014
The Canadian dollar slumps in recent trading, pushing the currency back into negative territory for the day against the US dollar. Some analysts speculate the loonie will become sensitive to a possible election being called in Quebec, which is currently governed by the separatist Parti Quebecois. But for now, Velocity Trade's Jasmin Valade attributes the moves to flow-driven trading ahead the Bank of Canada policy announcement Wednesday. The central bank is expected to maintain its dovish stance.