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Markets

C$ slides to 3-month low amid lower rate hike chances

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By Shoaib Ur RehmanReuters
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TORONTO: The Canadian dollar weakened to a 3-month low against its broadly firmer US counterpart on Thursday, with the loonie adding to its losses from the day before when the Bank of Canada cooled expectations for another interest rate hike this year.

The Bank of Canada said on Wednesday it would be cautious as it considers its next move, watching how the economy adjusts to higher interest rates, tighter mortgage rules and uncertainty about US trade policy.

 

 

Copyright Reuters, 2017
 

 

 

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