April 18, 2012 / 2:48 PM / 5 years ago

CANADA FX-C$ softens after BoC growth outlook

1 Min Read

TORONTO, April 18 (Reuters) - The Canadian dollar was
slightly lower against its U.S. counterpart on Wednesday after
the Bank of Canada raised its economic growth forecasts for the
first three quarters of 2012 but predicted Canadian household
debt levels would rise further.	
    The Canadian dollar weakened to C$0.9910 against
the U.S. dollar, or $1.0091, shortly after the Bank of Canada
released its Monetary Policy Report. It was at C$0.9893
immediately before the release.

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