What a strong U.S. dollar means for certain companies

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Reporting live from the New York Stock Exchange, Yahoo Finance's Jared Blikre examines the U.S. dollar's incremental gains since July and how its strengthening is impacting other currencies and companies with exposure to China, such as Apple (AAPL)

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The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of weaker growth, but said it could raise borrowing costs again should inflationary pressures persist. The central bank hiked rates by a quarter point in both June and July in a bid to tame stubbornly high inflation, which has remained above the bank's 2% target for 27 months. Canada's gross domestic product unexpectedly shrank an annualized 0.

 

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