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

|By:, SA News Editor

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.