The Canadian dollar steadied against its American counterpart on Thursday, after volatile trading the day before when the Bank of Canada raised interest rates, as investors shrugged off worries that the United States will pull out of NAFTA.
The Canadian dollar strengthened to a nearly one-week high against its U.S. counterpart on Monday as the greenback broadly fell and investors braced for a potential interest rate increase by the Bank of Canada this week.
Canada's main stock index fell moderately today, as Wall Street pulled back from the record highs it set yesterday. The S&P/TSX composite index was down 42.23 points to 16,284.47, as the base metals, gold and energy sectors lost ground.
The Canadian dollar weakened slightly against a stronger U.S. counterpart on Monday, pulling back from Friday's three-month high even as optimism in a business survey supported bets that the Bank of Canada would raise interest rates next week.
The reason: Canadian officials said Wednesday it's increasingly likely that U.S. President Donald Trump plans to dump the trillion-dollar trade pact. The White House was quick to deny it. And Thursday, Canada said it's preparing new talks related to ...
The Canadian dollar strengthened to a three-month high against its U.S. counterpart on Friday after stronger-than-expected domestic jobs data boosted expectations for a Bank of Canada interest rate hike this month.