Loonie Weakest in Group of 10

The Canadian dollar is the currency performing the worst against the US dollar over the last 12 months among the ‘Group of 10’.

The Canadian dollar is the currency performing the worst against the US dollar over the last 12 months among the ‘Group of 10’. This suits the Bank of Canada though, who yesterday kept the overnight interest rate at 1% and reiterated the importance of a weak Canadian dollar for exports. Read the full story.

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