CANADA FX DEBT-C$ at session low after Bank of Canada shift

Wed Oct 23, 2013 10:10am EDT
 
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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.