Some sophisticated analyses have found that a 25-basis-point cut in the Bank of Canada’s key interest rate will lower the exchange rate by 0.5-0.7 per cent, or roughly half a cent.Ryan Remiorz/The Canadian Press
We have created a new Currencies page featuring news, exchange rates and a currency converter. You can find a link to the page at the top of the business and investing pages and in our economy section.
The currency converter helps you find the latest exchange rates between any two global currencies in seconds. With the popular Canadian dollar, U.S. dollar and euro at the top of the list, the converter also features 19 other world currencies in alphabetical order. Select the one you're looking for in the list or start typing the name of the country whose currency you would like to find. You may convert any amount by typing a number into the 'convert' field.
Our new currencies page also carries the latest news on what's moving the foreign exchange markets, as well as rates for the loonie and cross rates for the world's major currencies. On occasion, we'll invite experts to take your questions about the forecast for the Canadian dollar and other currencies in live online chats like this one with Andrew Busch, global currency and public policy strategist for BMO.
Is there anything else you'd like to see on this page? Please let us know.
globeinvestor@globeandmail.com
Claire Neary
Assistant Digital Editor
Report on Business