Wednesday, October 23, 2013

Reuters: US Dollar Report: CANADA FX DEBT-C$ at session low after Bank of Canada shift

Posted by Ava on 8:08 AM

Reuters: US Dollar Report
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CANADA FX DEBT-C$ at session low after Bank of Canada shift
Oct 23rd 2013, 14:10

Wed Oct 23, 2013 10:10am EDT

  TORONTO, Oct 23 (Reuters) - The Canadian dollar weakened to  session lows on Wednesday after the Bank of Canada dropped any  mention of eventual interest rate increases in a significant  policy shift.      The central bank held its key overnight target rate at 1.0  percent but put an end to rate-hike language in its statement.         The Canadian dollar was at C$1.0374 versus the  greenback, or 96.39 U.S. cents, weaker than Tuesday's close of  C$1.0289, or 97.19 U.S. cents. The loonie hit a session low of  C$1.0380.
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