NEW YORK (MarketWatch) -- The U.S. dollar fell against the Canadian dollar Tuesday, buying less than one loonie for the first time in about a month, before the Bank of Canada's interest rate decision. Policy makers are expected to keep rates on hold at 1%. "We expect the BoC to acknowledge the likelihood of an improved growth outlook in the second half of the year off the back of improvement in the U.S. economy and domestic strength in Canada," said currency strategists at Brown Brothers Harriman. That improvement should support the Canadian currency even as the Bank of Canada holds rates steady for some time, they said. One U.S. dollar USDCAD -0.26% recently bought 99.98 Canadian cents, down from 1.0029 in late North American trading on Monday.
