(Malcolm Morrison – Canadian Press)
The Canadian dollar continued to advance Wednesday amid increasing doubt that the Bank of Canada is set to deliver another interest rate cut.
The loonie gained 0.39 of a U.S. cent to 80.42 cents.
The loonie had advanced half of a U.S. cent on Tuesday following remarks from Bank of Canada governor Stephen Poloz that were interpreted as lessening chances of the bank following up a quarter point rate cut in January with another decrease as soon as next week. Click here to read more.