Canadian dollar rebounds as BoC hike bets rise
The Canadian dollar rebounded versus the U.S. dollar after the Bank of Canada signaled increased upside risks to inflation, boosting investor bets on an interest-rate hike in coming months. The loonie was up 0.4%.
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 in the coming months after the central bank said upside risks to inflation have increased.The loonie was trading 0.4% h…