Market News
Canadian dollar gains after 'balanced' BoC policy statement - REUTERS
By Fergal Smith
Summary
- Canadian dollar rises 0.2% against the greenback
- Trades in a range of 1.4371 to 1.4484
- BoC cuts key rate 25 basis points to 2.75%
- Bond yields increase across the curve
TORONTO, March 12 (Reuters) - The Canadian dollar edged up against its U.S. counterpart on Wednesday as the Bank of Canada cut interest rates as expected but stopped short of signaling additional easing, and after Canada announced retaliatory tariffs on the United States.
The loonie was trading 0.2% higher at 1.44 per U.S. dollar, or 69.44 U.S. cents, after trading in a range of 1.4371 to 1.4484.
