The Canadian dollar rose against the U.S. dollar on Wednesday, after the Bank of Canada raised interest rates, as had been expected. Against the Canadian dollar , the U.S. dollar bought C$1.2851, compared with C$1.2940 prior to the announcement. It ended late Tuesday at C$1.2917. Separately, the iShares MSCI Canada ETF , an exchange-traded fund that is one of the most popular ways for investors to get exposure to the Canadian equity market, rose 1.7%, extending its rise on the day following the announcement.
Continue Reading Below
Copyright © 2017 MarketWatch, Inc.