Economic Data

economic data: The loonie was down 0.23 of a cent to 93.75 cents US a day before the Bank of Canadas next interest rate announcement. Markets generally arent looking to the central bank to move up rates until 2015, according to 660 News. Traders looked to economic data coming out later in the week that could give a better idea of where the Federal Reserve is headed in cutting back on stimulus measures and TORONTO The Canadian dollar continued to drift downward Tuesday morning to multi-year lows amid mixed commodity prices and a heavy slate of economic data in Canada and the U.S. this week. The currency closed below 94 cents US on Monday for the first time since the end of August 2010. Tuesdays intraday low as of midday was 93.69 cents US, which matched a level set on Aug. 31, 2010. (www.immigrantscanada.com). As reported in the news.