for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CANADA FX-C$ slumps on more dovish Bank of Canada

TORONTO, Jan 23 (Reuters) - The Canadian dollar weakened to a session low against the U.S. dollar on Wednesday after the Bank of Canada held interest rates steady and said a future rate hike was “less imminent” as it reduced its growth forecasts.

The Canadian dollar traded at C$0.9972 to the greenback, or $1.0028, compared with C$0.9930 just before the central bank news and C$0.9927 at Tuesday’s North American close.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up