Canadian dollar hits nearly 2-week high on reduced rate cut bets
The Canadian dollar climbed to its highest level in nearly two weeks against the U.S. dollar on Wednesday, buoyed by broad weakness in the greenback and a reduced likelihood that the Bank of Canada will resume interest rate cuts next month. The loonie appreciated by 0.6%, trading at 1.3832 per U.S. dollar, or 72.30 U.S.
