The loonie is climbing after the Bank of Canada raised its benchmark rate to 1.5%
|07/11/2018||Posted by BusinessMediaguide.Com under General World News||
- The Bank of Canada is raised its key rate on Wednesday by 25 basis points to 1.5%.
- It marks the fourth rate hike since last summer.
- Follow the Canadian dollar in real time here.
The Canadian dollar climbed Wednesday after the country’s central bank raised its key rate by 25 basis points to 1.5%, marking the fourth hike since last summer.
The loonie climbed 0.3% versus the dollar following the announcement.
“Canada’s economy continues to operate close to its capacity and the composition of growth is shifting,” the central bank said in a statement.
The policy meeting comes days after a strong jobs read more >>>