Canadian Dollar Hits 4-week Low As Investors See End To Bank Of Canada’s Hiking Bias | The Globe and Mail

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https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-hits-4-week-low-ahead-of-bank-of-canada-rate-decision/The Canadian dollar weakened to a nearly four-week low against its U.S. counterpart on Tuesday as the greenback climbed broadly and investors bet that the Bank of Canada would forgo language pointing to further interest rate hikes.

Canada’s central bank is expected to hold its benchmark interest rate steady at 1.75 per cent on Wednesday and for the rest of this year, with calls for the next hike in early 2020 resting on a knife’s edge, a Reuters poll showed.

Read full story here: Canadian Dollar Hits 4-week Low As Investors See End To Bank Of Canada’s Hiking Bias | The Globe and Mail

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