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The Bank of Canada holds policy steady, its benchmark lending rate remaining at 1%. The...

The Bank of Canada holds policy steady, its benchmark lending rate remaining at 1%. The statement has a dovish tilt though, the bank saying "considerable monetary stimulus currently in place will likely remain appropriate for a period of time." The loonie (FXC) tumbles, -0.6% and buying $0.9678.
Comments (1)
  • canadians are wandering around, crashing into furniture, dazed with the effort of trying to parse the meaning of that statement. a period of time?
    6 Mar 2013, 11:05 AM Reply Like
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