Jul
07
Canada’s Dollar in a Funk as Trade Gap Amps Up Rate-Cut Pressure
ByBank of Canada Meets July 15 to Consider Policy Changes
The outlook for the Canadian dollar just got worse.
The currency has slumped to a three-month low amid declining prices for oil, the nation’s largest export. That’s adding to pressure on the Bank of Canada to cut interest rates after a report Tuesday showed the country posted its second-largest trade deficit ever, led by tumbling exports…
Canada’s Dollar in a Funk as Trade Gap Amps Up Rate-Cut Pressure
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies