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

April 24, 2019April 24, 2019 mdbincbi

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…

Loonie, One Of The Big Losers Of 2018, Remains ‘Expensive,’ Experts Say | CBC News

January 4, 2019January 4, 2019 mdbincbi

It was a rough ride for the loonie in 2018. The Canadian dollar fell nearly eight per cent against its U.S. counterpart last year — with much of its slide worsening in the fourth quarter — plunging almost six per cent since October. In fact, the loonie was the second worst performing major currency in the world against the U.S. dollar in the last quarter, just behind another commodity currency, the Norwegian Krone, according to CIBC. Read full story here: Loonie, One Of The Big Losers Of 2018, Remains ‘Expensive,’ Experts Say | CBC News