The Bank of Canada leaves its benchmark lending rate unchanged at 1%, but turns substantially...

|By:, SA News Editor

The Bank of Canada leaves its benchmark lending rate unchanged at 1%, but turns substantially more dovish in its statement, warning global growth prospects have weakened since its hawkish April policy report. The Bank trims its forecast for Canada's 2012 GDP growth to 2.1% from 2.4%. The loonie weakens a bit, FXC -0.2%.