Loonie Falls as Bank of Canada Leaves Interest Rate Unchanged
Despite rumors of an interest rate cut, the Bank of Canada has opted to leave its key rate at 3%.
UK Consumer Confidence Continues to Fall
Consumer confidence in the U.K. plunged to its lowest level in four years providing further evidence that Britain’s economy is teetering on the brink of a recession.
Dollar Up as Oil Price Retreats
The dollar continued to make headway on the euro and GBP overnight as oil slips below $110 a barrel.
