Loonie jumps to session high after ECB rate cut

November 3, 2011

The following is from the 3 November 2011 edition of Reuters Canada.

The Canadian dollar strengthened to a session high against its U.S. counterpart on Thursday after the European Central Bank cut interest rates, while global markets see-sawed amid chaos over Greece's role in the euro zone.

The Canadian dollar spiked to C$1.0067 to the U.S. dollar, or 99.38 U.S. cents, after the surprise ECB cut, up from Wednesday's North American session close at C$1.0136 to the U.S. dollar, or 98.66 U.S. cents.

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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