American Currency: Interest Rates

interest rates: The loonie fell 0.42 of a cent to 91.11 cents US, according to CTV. Canada's dollar has also been under pressure as a result of the central bank's dovish stance on interest rates, which aren't expected to rise until next year and TORONTO -- The Canadian dollar closed lower Friday as the currency continued to weaken ahead of next Wednesday's Bank of Canada interest rate announcement. The currency has already shed almost three cents US this year for a variety of reasons, including poor trade and employment data and an American currency that has risen as the Federal Reserve starts to cut back on its massive bond buying program. (www.immigrantscanada.com). As reported in the news.