(Bloomberg) -- The Canadian dollar was little
changed near a 30-year high after the central bank raised its
benchmark lending rate and said higher rates and a stronger
currency may ``moderate'' economic growth. Bonds rallied.
The currency has surged 11 percent this year against the
U.S. dollar amid a strengthening economy and higher prices for
Canada's commodity exports.
Read more at Bloomberg Currencies News
changed near a 30-year high after the central bank raised its
benchmark lending rate and said higher rates and a stronger
currency may ``moderate'' economic growth. Bonds rallied.
The currency has surged 11 percent this year against the
U.S. dollar amid a strengthening economy and higher prices for
Canada's commodity exports.
Read more at Bloomberg Currencies News
No comments:
Post a Comment