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EconomyCanadian dollar hits five-week high as data supports rate-hike bets

The Canadian dollar rose to a five-week high against the US dollar on Friday, buoyed by higher oil prices and retail sales data that reinforced expectations of a Bank of Canada rate hike next week.

Canadian dollarforeign exchangeBank of Canadainterest rates

RReuters★★☆☆☆2026-10-23 21:25Original

Canadian dollar hits five-week high as data supports rate-hike bets
Canadian dollar hits five-week high as data supports rate-hike betsEconomy