Canada’s dollar slumped Tuesday - at one stage falling by the most in more than a month -- even as major peers like the Australian and New Zealand dollars gained ground against the greenback.
New reports showing strong third-quarter growth in Canada’s economy will likely encourage the country’s central bank to continue with its pattern of hiking interest rates in a bid to curb high inflation, one economist says.
Royal Bank of Canada is bulking up in a big way after striking a deal to buy HSBC’s Canadian operations, essentially snapping up the nation’s seventh-largest financial institution after it was put on the auction block earlier this fall.
Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don't paint such a positive picture.
Statistics Canada will release its latest reading on economic growth this morning.
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