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Canadian Dollar Hits Four-Month High as July Rate Hike Odds Jump

Posted June 28, 2017

Under Economic Issues, International Trade Issues

(Canadian Press)

Canada’s main stock index is showing moderate gains from a broad range of sectors.

The Toronto Stock Exchange’s S&P/TSX composite index was up 58.20 points to 15,339.42, after 90 minutes of trading.

The Canadian dollar rallied to a four-month high and investors ramped up bets for a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated the central bank may be considering higher rates. Click here to read more.