The loonie fell on a day when oil rose, which shows the currency is currently following interest rate differentials, not energy prices. The Federal Reserve raised its target range while the Bank of Canada held, and that gap draws capital toward the higher-yielding US dollar. Higher yields also weighed on copper, gold and silver, adding pressure on resource-linked Canadian assets.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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