(Reuters) - According to an RBC Capital Markets note on Wednesday, the
Canadian currency will reach C$1.04 to the U.S. dollar, or
96.15 U.S. cents, in the third quarter, up from its previous
forecast of C$1.08, or 92.59 U.S. cents.
The revised forecast by RBC was triggered by a Bank of
Canada statement on Tuesday that signaled an increase in
interest rates in the near term and triggered a rise in the
Canadian dollar to C$1.0688, or 93.56 U.S. cents.
Read more at Reuters.com Bonds News
Canadian currency will reach C$1.04 to the U.S. dollar, or
96.15 U.S. cents, in the third quarter, up from its previous
forecast of C$1.08, or 92.59 U.S. cents.
The revised forecast by RBC was triggered by a Bank of
Canada statement on Tuesday that signaled an increase in
interest rates in the near term and triggered a rise in the
Canadian dollar to C$1.0688, or 93.56 U.S. cents.
Read more at Reuters.com Bonds News
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