Loonie at 74.91 U.S. cents
was little changed against its broadly weaker U.S. counterpart on Thursday as lower oil prices offset a dovish signal on the pace of interest rate hikes from the U.S. Federal Reserve.
The Bank of Canada has already downshifted the pace of its rate increases but is likely not done yet with tightening, money market data shows. The price of oil, one of Canada’s major exports, was down 0.7 per cent at $77.41 a barrel as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonieFormer Bank of Canada governor argues that more transparent language could begin to unwind some of the issues. Read more.
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