After the Canadian dollar rallied to a 12-month high against the U.S. dollar Wednesday on the back of a rate increase by the Bank of Canada, analysts expect the currency to
remain strong for the rest of the year.
In Wednesday afternoon trading, following the central bank’s first increase in seven years, the U.S. dollar was around C$1.2713, down from C$1.2910 right before the decision, according to data provider CQG. Alternatively,...