USD/CAD Rises Sharply After BOC Rate Cut

The U.S. dollar is higher versus its Canadian neighbor Wednesday; the pair is trading at 1.2256. Trading is choppy. The pair has spiked sharply as the Bank Of Canada cut rates to 0.75 percent from 1 percent, indicating lower oil will slow growth below potential output. Chatter is about longer-term effects of oil prices on Canada's economy.