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Forex News: Loonie Recovers Ahead Of BoC Decision

Loonie Recovers Ahead Of BoC Decision

10/25/2017 - 09:56:00 (RTTNews)

(RTTNews) - At 10:00 am ET Wednesday, the Bank of Canada announces its decision on interest rates. Economists expect the benchmark rate to remain at 1.00 percent.

Ahead of the announcement, the loonie recovered from its early lows against its major rivals.

The loonie was worth 1.4933 against the euro, 89.94 against the yen, 1.2662 against the greenback and 0.9766 against the aussie as of 9:55 am ET.

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