Lagging loonie unlikely to get a boost from rate hikes as greenback stays strong

The Bank of Canada hiked its interest rate by 75 basis points on Wednesday, but at least not as much as the dollar.

The Canadian dollar has been one of the strongest performing major currencies in the world this year, but it has not been as strong as the U.S dollar.

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The rise in the Canadian dollar on Wednesday was a reflection of the broader weakness in the U.S. dollar.

The Canadian dollar is unable to move or reflect a lot of the positive underlying fundamentals that we have in Canada.

The Canadian dollar fell when the Bank of Canada raised its interest rates.

He said that the Canadian dollar is one of the better performing of the majors but it hasn't been able to penetrate the U.S. dollar.

The traders are more focused on the U.S. interest rate outlook.

The potential for the U.S. Federal Reserve to hike more than projected is making it less likely that the Bank of Canada will raise interest rates.

He said that it was unlikely that the peak overnight rate in Canada would surpass that of the U.S.

The Canadian dollar was trading at just over US$0.76 in Wednesday afternoon trading, down from the beginning of the year.

The Canadian dollar has not kept pace with the U.S. dollar this year.

The Canadian dollar has gained over 15% against the Euro over the past year due to eurozone weakness and high inflation, and is now trading at levels not seen in more than a decade.

The best-performing G10 currency this year is the Canadian dollar, even though it has depreciated against the U.S. dollar.

The base case is for the Canadian dollar to remain depressed against the U.S. dollar until global recession risk abates and investor risk appetite returns.

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