C$ rises to 5-day high as wholesale trade jumps in April
CANADA-FOREX/:CANADA FX DEBT-C$ rises to 5-day high as wholesale trade jumps in April
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CANADA-FOREX/:CANADA FX DEBT-C$ rises to 5-day high as wholesale trade jumps in April
The Canadian dollar strengthened against its U.S. counterpart on Monday as preliminary domestic data showed wholesale trade increasing in April and after speculators raised their bearish bets on... -May 27, 2024 at 01:40 pm EDT - MarketScreener
Loonie at 73.37 U.S. cents
(Bloomberg) -- Canada’s annual rate of core inflation eased for a fourth straight month, bolstering a case for policymakers to begin an easing cycle in the coming months, but a slight increase in the monthly pace may keep a June rate cut from being a certainty.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyTesla Shareholder Group Slams Elon
OTTAWA — The Canadian economy lost momentum after a roaring start to the year, reinforcing economists' expectations that the Bank of Canada is on track to cut interest rates in the coming months.