Canadian dollar rebounds as BoC inflation risks lift rate-hike bets
The Canadian dollar rebounded against the U.S. dollar, rising 0.2%, as investors increased bets for a Bank of Canada interest-rate hike this year after the BoC said upside risks to inflation have increased.
By Fergal SmithThe Canadian dollar rebounded from nearly a three-week low against its U.S. counterpart on Wednesday as investors raised bets on a Bank of Canada interest rate hike this year after the central bank said upside risks to inflation have increased.The loonie was trading 0.2% higher at 1…