Loonie at 75.81 U.S. cents
weakened against its U.S. counterpart on Wednesday as the greenback broadly climbed and data showed a narrowing in Canada’s trade surplus, but the currency’s decline was capped ahead of a Bank of Canada interest rate decision.
Still, analysts expect the currency to rebound over the coming year, supported by solid domestic economic prospects and rising interest rates, a Reuters poll showed. The price of oil , one of Canada’s major exports, fell nearly 1 per cent to $86.02 a barrel, as the market balanced demand worries related to looming recession risks with fears that Russia will halt all oil and gas supplies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Politics This Morning: Parliamentarians hit the roadPlus, the Bank of Canada will announce another decision on the key interest rate.
Read more »
Bank of Canada to hike interest rates Wednesday by three quarters of a percentage point, experts predictCanada’s central bank is expected to raise its key overnight rate, the fifth rate-hike this year, as the Bank continues to struggle with inflation.
Read more »
Key questions ahead of the Bank of Canada’s September rate decisionHow high will the Bank of Canada go? And more. Find out here.
Read more »
Key questions ahead of the Bank of Canada’s September rate decisionHow high will the Bank of Canada go? And more. Find out here.
Read more »
Key questions ahead of the Bank of Canada’s September rate decisionThe Bank of Canada has embarked on a series of supersized rate hikes this year in a bid to tame inflation, but its upcoming policy rate decision on Sept. 7 comes as the economic picture has started to shift
Read more »
Bank of Canada expected to announce another key interest rate hike - National | Globalnews.caSome Canadian banks are expecting the Bank of Canada to increase its key rate by three-quarters of a percentage point, bringing it to 3.25 per cent.
Read more »