Home Breaking News: Loonie rises to 1.3050 after the Bank of Canada rate hike

Breaking News: Loonie rises to 1.3050 after the Bank of Canada rate hike

Updated: 24 Oct. 2018 | 16:03

The Bank of Canda decided to hike the overnight target rate by 25 basis points to 1.75% in line with market expectations.
The USD/CAD fell to 1.3050 after the rate hike.

The US dollar fell to 1.3050 in the knee-jerk reaction to the decision of the Bank of Canada to hike the overnight target rate by 25 basis points to 1.75% on Wednesday, meeting the market expectations.

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