Loonie drops to 20-month low thanks to BoC's rate hike - CTV News
7/14/2022 12:00:00 AM2 years 9 months ago
The Bank of Canada's largest interest rate hike in 24 years caused the loonie to drop to a 20-month low as investors feared the U.S. Federal Reserve would mirror the full percentage point hike in two weeks.
TORONTO - The Bank of Canada's largest interest rate hike in 24 years caused the loonie to drop to a 20-month low as investors feared the U.S. Federal Reserve would mirror the full percentage point… [+2652 chars]
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