Published 3 years ago • loading... • Updated 3 years ago

Canadian dollar hits 7-week low as greenback surges

Summary by Ground News

The Canadian dollar weakened to its lowest level in more than seven weeks against its U.S. counterpart on Thursday. Bank of Canada Governor Tiff Macklem said higher interest rates are needed to cool things down. Money markets are pricing in half-percentage-point hikes by Canada's central bank at each of its next two policy decisions.

2 Articles

All

Left

Center

Right

Toronto Sun

Canadian dollar hits 7-week low as U.S. greenback surges

The Canadian dollar weakened to its lowest level in more than seven weeks against its U.S. counterpart on Thursday.

3 years ago·Toronto, Canada

Read Full Article

Reuters

Canadian dollar hits 7-week low as greenback surges

TORONTO - The Canadian dollar weakened to its lowest level in more than seven weeks against its U.S. counterpart on Thursday as broader gains for the greenback offset hawkish comments by Bank of Canada Governor Tiff Macklem. The U.S. dollar surged to its highest levels in two decades against a basket of major currencies, propelled by widespread weakness in its major rivals, such as the

3 years ago·United Kingdom

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right