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Bank Of Canada Cuts Rates By 0.25% As Policy 'No Longer Needs To Be Restrictive': Canadian Stocks Rally, Loonie Drops
Wednesday, June 5, 2024 - 10:31am | 504Read More...The Bank of Canada announced on Wednesday a 25 basis point reduction in interest rates, marking the first cut since March 2020, as widely anticipated by market participants. Consequently, the benchmark overnight rate and the deposit rate have been lowered to 4.75%, while the Bank Rate is now at 5...
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Rising U.S. Rates Will Hurt The Canadian Dollar This Year
Friday, April 7, 2017 - 1:47pm | 346Read More...The Federal Reserve is expected to continue boosting interest rates throughout the remainder of 2017, and doing so is likely to hurt the Canadian dollar. According to a Bloomberg report, the Bank of Canada isn't expected to match the Fed's rate hikes this year which will put pressure on the "loonie...
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Atlantic Power Could Be A Sell On Weaker Dollar (AT)
Wednesday, April 13, 2011 - 1:07pm | 163Read More...While the utility sector is often seen as a safe haven in times of trouble, a weaker dollar could wreak havoc on transmission provider Atlantic Power Corporation (NYSE: AT). All the company's power generation and distribution assets are located in the United States. The Canadian Loonies' bull run...
