April 16, 2014 / 2:15 PM / 4 years ago

CANADA FX-C$ softens after Bank of Canada rate decision statement

TORONTO, April 16 (Reuters) - The Canadian dollar weakened to a session low against its U.S. counterpart on Wednesday after the central bank held its benchmark interest rate steady at 1 percent, but noted the risk of weak inflation.

The Canadian dollar softened to C$1.1017 versus the greenback, or 90.77 U.S. cents, weaker than just before decision was released and weaker than Tuesday’s close at C$1.0977, or 91.10 U.S. cents. (Reporting by Solarina Ho)

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