The Canadian dollar is stabilizing somewhat after slipping to a fresh four-month low yesterday – currently at 72.5 cents U.S. – in the wake of the Bank of Canada’s decision to hold on rates.
The Canadian dollar is stabilizing somewhat after slipping to a fresh four-month low yesterday
– currently at 72.5 cents U.S. – in the wake of the Bank of Canada’s decision to hold on rates. While that hold was essentially a foregone conclusion, it did reinforce the view the BoC is willing to march to the beat of its own drum, even as market expectations are the U.S. Federal Reserve will continue to hike well into the five per cent range .
– adjusted earnings per share were negative $0.28 against analyst expectations for a profit of $0.13 per share. Bevy of factors at play here, between higher inflation, supply-chain disruptions, that cyberattack, and troubles finding workers, not to mention the company’s struggles with its plant protein division. That said, the company does expect things to normalize or improve in the year ahead as those factors abate.
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