(Bloomberg) -- Canada's dollar was little changed
near a 30-year high before a meeting at which the central bank
is expected to lift interest rates for the first time in more
than a year.
The currency, which has gained about 11 percent against the
U.S. dollar his year, may benefit if the Bank of Canada signals
more than one rate increase in its accompanying statement,
according to analysts. The central bank will lift the overnight
rate by a quarter-percentage point to 4.5 percent, according to
28 of 29 economists surveyed by Bloomberg.
Read more at Bloomberg Currencies News
near a 30-year high before a meeting at which the central bank
is expected to lift interest rates for the first time in more
than a year.
The currency, which has gained about 11 percent against the
U.S. dollar his year, may benefit if the Bank of Canada signals
more than one rate increase in its accompanying statement,
according to analysts. The central bank will lift the overnight
rate by a quarter-percentage point to 4.5 percent, according to
28 of 29 economists surveyed by Bloomberg.
Read more at Bloomberg Currencies News
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