100.1 GO FM - We're Your Feel Good Pop Station

MID-DAY: Loonie bounces up and down on trade war fears and BoC interest rate decision

The Loonie is attempting to regain ground again as the BoC keeps interest rates the same.
The Bank of Canada announced this morning, it would keep the interest rate at 1.5 per cent, but future rate hikes are on the horizon as inflation goes up. Experts suggest the next hike could come in October.

The Loonie is falling again to 75.80 cents US in what has been a volatile morning for the Canadian currency.

Meanwhile, the TSX is plummeting as investors fret over trade tensions, falling 75 points to 16,085.

Across the border as the Dow is down slightly to 25,951.

Chrystia Freeland is back in Washington talking NAFTA with her counterpart, with reports suggesting a deal needs to be done by the end of the month.

Oil continues to slide to 68.98 a barrel.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

First wave of Folk on the Rocks artists announced

The first wave of artists for this year's Folk on the Rocks festival has been announced.

The Government of the Northwest Territories and the Behdzi Ahda' First Nation have reached key milestones in strengthening education in Colville Lake.

GNWT releases report on trespassing legislation

The Government of the Northwest Territories has released their report on public feedback on the development of territorial trespassing legislation.

Housing NWT awards contract for new Hay River residential building

Housing NWT has announced that they have awarded a contract to Northern Industrial Construction Ltd., to build a new singles multi-unit residential building in Hay River.  

TSB releases investigation report on fatal crash in Fort Smith

The Transport Safety Board of Canada has released its investigation into a fatal airplane crash that occurred in Fort Smith in January of 2024.