Canadian Forex/Bond Review: C$ edges up ahead of Fed

By Commodity News Service Canada

Winnipeg, Sept. 15 – The Canadian dollar settled slightly firmer at Tuesday’s close, although activity remained subdued as currency traders await the US Federal Reserve’s latest interest rate announcement later in the week.
The Canadian currency late in the afternoon was quoted at US$0.7549 or US$1=C$1.3247. This compares with Monday’s North American close of US$0.7543, or US$=C$1.3257.
The US Federal Reserve is expected to make a decision on the country’s interest rate Thursday. Opinions are mixed as to whether or not the Fed will raise rates.
Gains in crude oil were supportive for the energy-linked Canadian dollar.
Canadian bonds are also awaiting the Fed announcement, and finished slightly weaker on Tuesday.