Mortgage News
Canadian dollar will stay strong
<br> The Bank of Canada is now assuming the Canadian dollar(CAD/USD-I1.00-0.003-0.34%) will stick near the parity mark. <br><br> The central bank has updated its projections about economic growth with the assumption the average value of the currency will be around 99 cents (U.S.). It previously thought the loonie would trade at about 96 cents. <br><br>
Published
The Bank of Canada is now assuming the Canadian dollar(CAD/USD-I1.00-0.003-0.34%) will stick near the parity mark.
The central bank has updated its projections about economic growth with the assumption the average value of the currency will be around 99 cents (U.S.). It previously thought the loonie would trade at about 96 cents.