Canadian dollar weakens ahead of BoC decision; 10-year yield hits 2-year high
CAD weakened versus the U.S. dollar as investors priced a Fed rate hike next month, with global bond-market selling underpinning Canadian domestic borrowing costs ahead of the BoC interest-rate decision.
By Fergal SmithThe Canadian dollar weakened against its U.S. counterpart on Tuesday as investors bet on a Federal Reserve interest rate hike next month, while a sell-off in global bond markets helped underpin domestic borrowing costs ahead of a Bank of Canada interest rate decision.The loonie FX_ID…