Central bank maintains key rate at 1 per cent in final policy announcement of 2017; dollar slips
Following the Bank of Canada’s latest decision to keep its key interest rate target on hold at one per cent, the loonie was trading at 78.39 cents U.S., down 0.47 of a U.S. cent from an average price of 78.86 cents U.S. on Tuesday.
The Bank of Canada has decided to keep its benchmark lending rate steady at one per cent, pausing after two small hikes earlier this year.
Tech recovers, but not enough to push Wall Street higher
The Bank of Canada is pointing to several positives that could support another increase in the coming months.