TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday, adding to its gains after comments by Bank of Canada Governor Stephen Poloz the day before which were less dovish than investors had expected.
In a speech and news conference, Poloz maintained a neutral tone on the next interest rate move, repeating the bank’s message that it was monitoring wage growth and inflation, as well as economic capacity to see how the economy was adjusting to rate hikes in July and September.
Source: Brecorder.com
