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Canadian PM Trudeau: Will provide up to C$27 billion to help Canadians and businesses

"Canada will provide $27 billion CAD to help Canadians and businesses," Canadian Prime Minister Trudeau announced on Wednesday and added that they will create $55 billion CAD to meet liquidity needs of business and households through tax deferrals.

"We will provide temporary wage subsidy for up to 3 months to allow businesses to keep workers on the payroll," Trudeau further noted. "Canadians will have until August 2020 to pay taxes."

USD/CAD reaction

These remarks failed to help the CAD find demand and the USD/CAD pair was last seen trading at 1.4460, adding 1.85% on the day.

US Dollar Index climbs to 3-year peaks around 100.80

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, is prolonging the upside to nearly 3-year highs in the 100.80 r
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New Zealand GDP Preview: Scarce room for good news

Statistics New Zealand will release the fourth-quarter GDP data at 21:45 GMT on Wednesday, March 18. Joseph Trevisani, an analyst at FXStreet with the
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