Canadian Forex/Bond Review: C$ Holds Steady

By Commodity News Service Canada

Winnipeg, Sept. 14 – The Canadian dollar settled near unchanged on Monday, as investors squared positions ahead of the US Federal Reserve’s latest interest rate announcement later in the week.
The Canadian currency late in the afternoon was quoted at US$0.7543 or US$1=C$1.3257. This compares with Wednesday’s North American close of US$0.7545, or US$=C$1.3254.
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.
In domestic data, Canadian refineries received 8.2 million cubic metres of crude oil in June, down 9.2 per cent from the same month in 2014, reported Statistics Canada.
Canadian bonds are also awaiting the Fed announcement, but managed to finish slightly stronger.