Canada’s dollar fell for a third week as central-bank Governor Stephen Poloz’s signal that interest rates may stay lower longer contrasted with a Federal Reserve that may let borrowing costs rise by trimming its bond-buying.
The Canadian dollar fell against the majority of its most traded peers after the country’s current account deficit narrowed less than expected in the third quarter, signaling export growth remains subdued.
A parliamentary vote on Dec. 15 on Ireland’s 85 billion-euro ($112 billion) international aid package will pass, even without support from the opposition, John Curran, a government minister and spokesman, said.
The Canadian dollar rose versus most major peers after Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank won’t reduce the stimulus that’s spurred global risk appetite without a “preponderance of data” showing improvement in the economy of Canada’s biggest trade partner.
Canada’s dollar had its biggest first-half drop in three decades amid signs the nation’s economic recovery is trailing that of the U.S., where talk of reducing central-bank asset buying has made the greenback the world’s strongest currency this year.
Two brothers from the former Soviet Union who came to Massachusetts about a decade ago yet clung to their homeland are the top suspects in the bombings this week that killed three and wounded scores in Boston.