Canadian dollar rises with oil, but holds near two-month low GlobeBusiness
The Canadian dollar edged higher against its U.S. counterpart on Thursday as oil prices rose but the loonie held near a two-month low hit the day before when the Bank of Canada was more dovish on the outlook for higher interest rates.
Money markets, which have moved to price in about a 25 per cent chance of an interest-rate cut this year, now will look to a speech by Bank of Canada Deputy Governor Lynn Patterson for further guidance on the rate outlook.The central bank will release the text of Patterson’s speech, which is on the topic of economic progress, at 12:30 p.m. .
At 9:20 a.m. , the Canadian dollar was trading 0.2 per cent higher at 1.3420 to the greenback, or 74.52 U.S. cents. The currency, which on Wednesday touched its weakest intraday since Jan. 4 at 1.3457, traded in a range of 1.3415 to 1.3447.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Loonie drops to two-month low after Bank of Canada changes tone on rate hikesThe loonie fell 0.7 per cent to $1.3439 per U.S. dollar, touching the weakest since Jan. 4 and paring its 2019 advance to 1.5 per cent
Read more »
Canadian dollar weakens as current account gap widens, stocks fallCanadian dollar weakens as current account gap widens, stocks fall GlobeInvestor
Read more »
Canadian dollar slips after report that economic growth slowed in fourth quarterCanadian dollar slips after report that economic growth slowed in fourth quarter GlobeBusiness
Read more »
Canadian dollar hits five-week low as China deals potential blow to economyCanadian dollar hits five-week low as China deals potential blow to economy GlobeInvestor
Read more »
Bullish calls for Canadian dollar linger as risk appetite perks upBullish calls for Canadian dollar linger as risk appetite perks up GlobeInvestor
Read more »
Canadian dollar hits two-month low ahead of rate decision as trade deficit jumpsCanadian dollar hits two-month low ahead of rate decision as trade deficit jumps GlobeInvestor
Read more »
Canadian dollar hits two-month low ahead of rate decision as trade deficit jumpsCanadian dollar hits two-month low ahead of rate decision as trade deficit jumps GlobeInvestor
Read more »
Loonie drops to two-month low after Bank of Canada changes tone on rate hikesThe loonie fell 0.7 per cent to $1.3439 per U.S. dollar, touching the weakest since Jan. 4 and paring its 2019 advance to 1.5 per cent
Read more »
Canadian dollar hits five-week low as China deals potential blow to economyCanadian dollar hits five-week low as China deals potential blow to economy GlobeInvestor
Read more »