Newsonline reports that the Bank of Canada’s (BOC) interest rate hike has strengthened the Canadian dollar against the US greenback, making the loonie the only G10 currency to keep pace with the U.S. dollar.
This online newspaper understands that the Canadian dollar is expected to maintain this pace on the back of high commodity prices which bolster Canada’s economic outlook.
Canada’s currency has strengthened against the U.S. dollar to trade at 79.11 U.S. cents, indicative of 1.60% within a month. Canada’s currency has currently gained 0.11% within 24 hours against the dollar at the time of writing.
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Black market dollar to naira exchange rate Friday 3rd May 2024 can be accessed below.…