BUZZ-Canadian ETF fighting back after market pans central bank action
** iShares MSCI Canada ETF retracing move down this session after hitting low last seen Apr 2009 following central bank inaction in face of oil rout
** Fund hit as low as $18.07 intraday, lowest since Apr 23, 2009; last 18.51
** Investors initially disappointed by decision by the Bank of Canada to hold interest rates steady even as it lowered its 2016 growth forecast, counting on a weak currency, fiscal stimulus and stronger U.S. demand to spur an economic rebound
** Canadian loonie, which fell to near 13-year lows this week, also firmed against the greenback immediately after the rate announcement, but was modestly weaker by midday
** Canadian stocks like Royal Bank of Canada, Toronto-Dominion Bank and Bank of Nova Scotia - the ETF's top holdings - already under pressure by continuing oil slump
© Thomson Reuters 2017 All rights reserved.