The Bank of Canada leaves its benchmark rate unchanged at 1%. The statement leans hawkish, with...

|By:, SA News Editor

The Bank of Canada leaves its benchmark rate unchanged at 1%. The statement leans hawkish, with the weak Q3 economy described as "transitory," and the bank again saying modest withdrawal of stimulus will be necessary at some point. The loonie quickly pops 25 pips vs. the greenback, now buying $1.0074.