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C$ hovers near recent 7-week high ahead of BoC rate decision

C$ hovers near recent 7-week high ahead of BoC rate decisionTORONTO: The Canadian dollar steadied against its US counterpart on Tuesday, holding near last week’s seven-week high, as investors digested stronger-than-expected domestic manufacturing data ahead of a Bank of Canada interest rate decision on Wednesday.

Canadian factory sales grew by 1.9 percent in February from January on higher sales in the transportation equipment industry, Statistics Canada said. Analysts had forecast an increase of 1.0 percent.

Copyright Reuters, 2018
 

Source: Brecorder

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