Canadian Dollar Weakens Despite Ottawa Tabling USMCA Ratification

May 29,2019 18:23   Source:Earnforex
The Canadian dollar is weakening against major currencies on Tuesday, despite the federal government tabling a motion that would ratify the historic US-Mexico-Canada Agreement, or USMCA. But the loonie might be losing traction because the Bank of Canada (BOC) is not expected to raise interest rates until after the federal election in October. Foreign Affairs Minister Chrystia Freeland tabled a ways and means motion in the House of Commons that kicks off […]

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