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Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
The Canadian dollar weakened against its U.S. counterpart on Wednesday as investors braced for the Bank of Canada to cut its benchmark interest rate further below the Federal Reserve's key rate at ...
Follow along as Bankrate’s experts break down the Fed’s next interest rate ... McBride joins Local News Live to preview today’s announcement from the Fed. ... The U.S. dollar index fell 0.85 ...
The loonie was trading 0.3% higher at 1.4350 to the U.S. dollar, or 69.69 U.S. cents, extending its recovery from the weakest intraday level in nearly five years at 1.4467 on Thursday.
The loonie was trading 0.1% higher at 1.4135 to the U.S. dollar, or 70.75 U.S. cents. Like Canada, Australia and New Zealand are major commodity producers, so their currencies tend to be sensitive ...
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal ...
* Canadian dollar strengthens 0.2% against greenback * Loonie trades in a range of 1.2351 to 1.2393 * Price of U.S. oil rises 0.6% * Canadian bond yields ease across a flatter curve By Fergal ...