Markets

C$ hovers near 7-week low as NAFTA trade talks resume

Published September 5, 2018 Updated September 5, 2018 09:02pm

The Bank of Canada said it was closely monitoring the North American Free Trade Agreement (NAFTA) negotiations and other trade policy developments as it held its policy interest rate at 1.50 percent.

The central bank, which has raised interest rates four times since July 2017, said more hikes would be needed to keep inflation on target.

Copyright Reuters, 2018