Rocky week for Canadian dollar
MARKET NEWS
Volatility was the name of the game for the Canadian dollar last week, says Lara Rhame, FX economist at Brown Brothers Harriman in New York
The Canadian dollar’s rocky ride last week underscores the rapidly shifting interest rate expectations in Canada vis-à-vis the US.
The holiday week started with the expected lull in activity as the currency held a tight range, edging from 1.5590 towards 1.5500 in the first two trading days. This level has proved tough to break since the sharp weakening in the
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