News Snapshot:
The Canadian dollar CADUSD strengthened to a nine-day high against its U.S. counterpart on Wednesday as investors grew optimistic that central banks are done raising interest rates and that relations would improve between the world’s two largest economies. The loonie was trading 0.1% higher at 1.3685 to the greenback, or 73.07 U.S. cents, after touching its strongest since Nov. 6 at 1.3655. It follows gains for the currency on Tuesday as data showed a slowdown in the pace of U.S. inflation, supporting bets that the next move by the Federal Reserve will be to ease monetary policy. “Central bank rate...
