The Bank of Canada, as expected, kept the benchmark interest rate at 0.25% on Wednesday after the December monetary policy meeting. Neither were changes made to the purchasing program.
The central bank indicated that the economic moment towards the fourth quarter was stronger than expected in October. Regarding the recovery of the Canadian and global economies, they affirmed that it developed in line with the expectations of the October monetary policy report.
The USD / CAD declined modestly after the announcement and the loonie (CAD) cut losses against the other currencies linked to commodities.