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Bank of Canada holds policy steady, sees 2016 strength

Dec. 02, 2015 10:14 AM ETEWC, FXC, CNDA-OLD, EWCS, FCAN, QCAN, HEWCBy: Stephen Alpher, SA News Editor
  • The Bank of Canada leaves its benchmark overnight rate at 0.5%, citing global and Canadian growth roughly in-line with what the bank forecast in October.
  • The central bank sounds a bullish note though, expecting GDP growth to move to a rate above potential in 2016.
  • Sizably lower earlier after a strong U.S. jobs report, the loonie (NYSEARCA:FXC) has returned to flat following the BoC news.
  • ETFs: EWC, CNDA, EWCS, QCAN, FCAN, HEWC

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