Batis Exchange
The Canadian dollar and U.S. dollar remained locked in a relatively narrow trading range following the latest policy announcements from the Federal Reserve and the Bank of Canada.
Canadian equities moved lower on Wednesday while U.S. markets delivered mixed performance as investors reacted to escalating concerns surrounding the conflict in the Middle East and another sharp rise in oil prices.
The Bank of Canada is holding its key policy interest rate at 2.25 per cent for the fourth consecutive time as it warns of higher inflation for the short term.
The Canadian dollar moved lower against the U.S. dollar on Tuesday after reaching a multi-week high in the previous session, with investors shifting attention toward upcoming central bank decisions and Canada’s fiscal update.
