The Canadian dollar moved slightly higher against its U.S. counterpart on Wednesday as oil prices rose and investors grappled with more hawkish than expected projections by the Federal Reserve. The loonie was up 0.1% at 1.3530 to the greenback, or 73.91 U.S. cents, in volatile trading as equity markets swung in and out of negative territory after a Fed rate decision. "The Fed has downshifted the pace of tightening, but they’re not done yet," Robert Kavcic, a senior economist at BMO Capital Markets, said in a note. - READ MORE

By Yahoo Finance

Wed, 14 Dec 2022 20:28:08 GMT