Loonie tops 81 cents US briefly again ahead of interest rate decision - News Summed Up

Loonie tops 81 cents US briefly again ahead of interest rate decision


The Canadian dollar shot up Tuesday to top 81 cents US briefly again, a day before the Bank of Canada unveils its latest decision on a key interest rate. In morning foreign exchange trading, the loonie got as high as 81.05 cents US. It later fell back to trade at 80.81 cents US, up 0.3 of a cent. "There's very little difference in the bank adjusting rates either tomorrow or in October for the overall economy moving forward." Last week, the loonie broke through the 81-cents-US mark for the first time since 2015.


Source: CBC News September 05, 2017 15:46 UTC



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