The value of the loonie hit a four\u002Dmonth low compared with the U.S. dollar on Wednesday.
We apologize, but this video has failed to load.The Bank of Canada held its key interest rate at 4.5 per cent Wednesday based on its assessment of recent economic data. Shenfeld noted the central bank signalled it won’t respond to a modest further weakening of the currency.
Darcy Briggs, senior vice-president and portfolio manager at Franklin Templeton Canada, said he expected the loonie would continue to trade soft until the U.S. Federal Reserve reaches the end of its tightening cycle. But while the weakened loonie could make products denominated in U.S. dollars, more expensive, Melino said the effect on the Canadian inflation rate won’t be major.“If you’re planning to go to Florida for vacation, or Disneyland, you’re going to see it right away.”
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Loonie hits four-month low as Bank of Canada holds key interest rateThe value of the loonie is at a four-month low compared with the U.S. dollar, but experts say Canadian consumers shouldn't expect their wallets to take a major hit.
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Loonie hits 4-month low as Bank of Canada holds key interest rateThe value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit.
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Loonie hits four-month low as Bank of Canada holds key interest rate - BNN BloombergThe value of the loonie hit a four-month low compared with the U.S. dollar on Wednesday, but some experts say Canadian consumers shouldn't expect their wallets to take a major hit.
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Loonie hits four-month low as Bank of Canada holds key interest rate - Terrace StandardWeak loonie reflective of the U.S.interest rate aggression hike while Bank of Canada holds steady
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Brace for a hit to the loonie if Bank of Canada holds rate todayThe Canadian dollar is at risk of extending its decline if the Bank of Canada signals interest rates have peaked. Find out more
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Brace for a hit to the loonie if Bank of Canada holds rate todayThe Canadian dollar is at risk of extending its decline if the Bank of Canada signals interest rates have peaked. Find out more
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