Canadian Dollar Strengthens, Bond Yields Rise After BoC Rate Hike
The Canadian dollar strengthened against the U.S. dollar and bond yields rose after the Bank of Canada raised interest rates for the first time in more than three years. The U.S. dollar also declined broadly after the Federal Reserve left borrowing costs unchanged.
By Fergal SmithThe Canadian dollar strengthened against its US counterpart on Wednesday and bond yields rose as the Bank of Canada raised interest rates for the first time in more than three years, while the greenback posted broad-based declines after the Federal Reserve left borrowing costs unchan…