Loonie firms after BoC holds rate, softens after
April 12, 2011
The following is excerpted from the 12 April 2011 edition of Reuters Canada.
Dollar eases after central bank flags concern
The Canadian dollar softened on Tuesday morning after the Bank of Canada held interest rates at 1 percent, as expected, and again cited the "persistent strength" of the Canadian dollar.
The central bank warned that the high-flying Canadian dollar was putting downward pressure on inflation, saying this could create "even greater headwinds for the Canadian economy."...
This article is available in its entirety on the Reuters Canada website at:
http://ca.reuters.com/article/businessNews/idCATRE73A37R20110412
__________________________________________________________________