CANADA FX-C$ slumps on more dovish Bank of Canada

TORONTO Wed Jan 23, 2013 10:08am EST

TORONTO Jan 23 (Reuters) - The Canadian dollar weakened to a session low against the U.S. dollar on Wednesday after the Bank of Canada held interest rates steady and said a future rate hike was "less imminent" as it reduced its growth forecasts.

The Canadian dollar traded at C$0.9972 to the greenback, or $1.0028, compared with C$0.9930 just before the central bank news and C$0.9927 at Tuesday's North American close.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.