CANADA FX-C$ rises after Fed announces stimulus move
TORONTO, Sept 13 |
TORONTO, Sept 13 (Reuters) - The Canadian dollar firmed against the U.S. dollar on Thursday after the U.S. Federal Reserve announced a third round of aggressive quantitative easing.
The Fed said it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.
Canada's dollar touched C$0.9725 versus the U.S. currency, or $1.0283, up from C$0.9764, or $1.0242, shortly before the announcement.
- Tweet this
- Share this
- Digg this