Canadian dollar up on prospect of rate hike
Paris
CANADA'S dollar hit a two-month high on Tuesday after the Canadian central bank raised the prospect of an interest rate hike as soon as this year, while the US dollar inched down as traders eyed the start of a two-day Federal Reserve meeting.
Bank of Canada senior deputy governor Carolyn Wilkins said late on Monday that first-quarter growth in the North American country had been "pretty impressive", and that signs that economic growth was broadening would lead the central bank to consid…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade