Federal Reserve

Federal Reserve: The loonie was up 0.15 of a cent to 91.52 cents US following a flat performance in the previous session. , according to Hamilton Spectator. Also, the U.S. dollar has trended higher as the Federal Reserve starts to cut back on its massive bond purchases which have kept long term rates low and encouraged a strong rally on equity markets. TORONTO The Canadian dollar was higher Thursday morning as the currency continued to stabilize following a series of sharp declines. But the currency has slid almost three per cent so far this year amid disappointing trade and employment data and a dovish stance by the Bank of Canada on interest rates. (www.immigrantscanada.com). As reported in the news.