July 16, 2014 / 2:15 PM / 3 years ago

CANADA FX-C$ weakens after Bank of Canada statement

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TORONTO, July 16 (Reuters) - The Canadian dollar weakened against the greenback on Wednesday after the Bank of Canada shrugged off a recent surge in inflation as temporary, and maintained its neutral stance on interest rates.

The Canadian dollar was at C$1.0787 to the greenback, or 92.70 U.S. cents, weaker than Tuesday's close of C$1.0758, or 92.95 U.S. cents. The currency hit a session low of C$1.0795 immediately after the statement was released. (Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

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