Bank of Canada keeps its overnight rate target at 0.25%, and repeats its conditional commitment...

|By:, SA News Editor

Bank of Canada keeps its overnight rate target at 0.25%, and repeats its conditional commitment to keep it there until the end of Q2 2010. BoC said closing Canada's output gap and reaching its inflation target of 2% won't happen until Q3 2011, one quarter later than its previous forecast. (MW) Loonie's off 1.1%. (ETFs: EWC, FXC)