The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


()

Commodity stocks' direction predicts loonie will fall

The Canadian dollar fell almost a full penny against the greenback Wednesday after the Bank of Canada removed its mild monetary tightening bias. The engrossing asset price tug-of-war between the loonie and commodity stock prices appears, for now, to be moving in the direction of a lower currency price.