Canadian dollar turns lower after rate decision
The Canadian dollar slipped on Wednesday, to pare its early gains after the BoC expected interest rate decision.
The Bank of Canada today kept the interest rate unchanged at 0.25%, which was widely expected in markets.
The bank alongside other global central banks are targeting accommodative monetary policies to ease the coronavirus economic impact.
Markets are focused on the US House of Representatives' vote today on the Covid-19 relief package after it was approved by the Senate.
Countries around the world are still embroiled in the fight against the coronavirus, which is reflected in the lockdown restrictions, closures and the distribution of vaccines.
As of 16:39 GMT, CAD/USD fell 0.1% to 0.7907, after hitting a high of 0.7930, and a low of 0.7883.
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