The US Raises Interest Rates and the Canadian Dollar Goes Up - What is Going On?


Markets move up and down on news, anticipation and results. The currency market has some somewhat predictable drivers of the value of a given country’s currency. This past week, the United States Federal Reserve raised interest rates 0.25% and the impact in the Canadian Dollar value against the US dollar was a head scratcher. Although maybe not…..

Shaun Haney talked to Matthew Pot, author of Grain Perspectives about the movement of the Canadian Dollar and what the future could hold for the Canadian currency. Shaun and Matthew also discuss the US Dollar index, future Canadian and US interest rates hikes and how the renegotiation of NAFTA could impact both economies and currencies.

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