Canadian Dollar Hits Nearly Four-Week High on BoC Rate Bets
The Canadian dollar held on to much of its gains against the US dollar on Monday after hawkish comments by Bank of Canada Governor Tiff Macklem overshadowed domestic inflation data.
The Canadian dollar retained much of its advance against the US dollar on Monday. Hawkish remarks from Bank of Canada Governor Tiff Macklem outweighed domestic inflation data as investors awaited the result of a referendum in Alberta. The loonie was trading 0.3…