News Snapshot:
The Canadian dollar CADUSD strengthened against its U.S. counterpart on Monday as Britain’s U-turn on fiscal measures bolstered investor sentiment and ahead of a Bank of Canada business survey that could offer clues on the central bank’s policy outlook. The loonie was trading 0.9 per cent higher at 1.3760 to the greenback, or 72.67 U.S. cents. It has regained some ground after hitting its weakest intraday level in more than two years at 1.3977 last Thursday. The Bank of Canada is due to release its quarterly Business Outlook Survey and Canadian Survey of Consumer Expectations at 10:30 a.m. EDT (1430...
