The loonie rose 0.1 of a cent to
The decline reflected a slight increase in the deficit on trade in goods and services, which was more than offset by a lower investment income deficit.
Meanwhile, other data out showed the U.S. economy grew more than expected during the second quarter. The latest revision shows gross domestic product grew by 4.2 per cent, versus the original reading of four per cent. Economists had generally expected a dip to 3.8 per cent.
The showing was a huge improvement from the first quarter, when GDP contracted 2.1 per cent, largely because of severe winter weather.
And next Wednesday, the Bank of
The dollar surged eight-tenths of a cent on Wednesday following the announcement that
The loonie has been pushed higher in the past by big corporate deals. That's because a foreign buyer acquiring a Canadian company will need Canadian dollars to close the deal, boosting demand for the loonie on financial markets.
On the commodity markets, December bullion ran up
The strategic southeastern
October crude in
December copper was down
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