Market News
Canadian dollar steadies ahead of expected U.S. auto tariffs - REUTERS
By Fergal Smith
Summary
- Touches strongest since February 24 at 1.4236
- Price of U.S. oil settles 0.9% higher
- Bond yields rise across the curve
TORONTO, March 26 (Reuters) - The Canadian dollar pulled back from an earlier one-month high against its U.S. counterpart on Wednesday as investors braced for expected U.S. auto tariffs and weighed minutes from the Bank of Canada's latest meeting.
The loonie was trading nearly unchanged at 1.4283 per U.S. dollar, or 70.01 U.S. cents, after earlier touching its strongest level since February 24 at 1.4236.
