Markets

C$ stays weak after Bank of Canada statement

Published June 4, 2014 Updated June 4, 2014 03:57pm

1 min

By Imad Uddin

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TORONTO: The Canadian dollar weakened against the greenback on Wednesday after the Bank of Canada said the risks of low inflation loomed as large as ever despite a rise in prices.

The central bank also held its policy rate at 1 percent, as expected.

The Canadian dollar weakened after the decision, though it remained off its session low. The currency was most recently trading at C$1.0944 to the greenback, or 91.37 U.S. cents, weaker than Tuesday's close of C$1.0910, or 91.66 U.S. cents.

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