The Canadian dollar is lower after oil prices retreat and Fed Members talk up December rate hike The loonie started the week on a negative tone. The Canadian currency is lower versus the USD as members of the U.S. Federal Reserve even when they used dovish rhetoric were all supportive of a rate hike in December. The main difference is that for some members of the American central bank a single rate hike is all that is needed as rates will continue to be low, and for others more hikes are needed down the line as inflation is expected to rise. The immediate result is a stronger USD as a rate hike in December is a near ... (full story)