OTTAWA — The Bank of Canada left its key interest rate unchanged Wednesday and pointed to "increased uncertainty" about the timing of future rate hikes following the economy's abrupt deceleration in late 2018. Xe.com The loonie took a dive Wednesday morning after the Bank of Canada talked about "uncertainty" over the future path of interest rates in Canada. Heading into the decision Wednesday, the Bank of Canada was widely expected to leave the key interest rate untouched. The moderation, it added, has been caused in large part by concerns related to trade tensions and uncertainty. The bank predicted inflation to stay slightly below its ideal two per cent target through most of the year.

Source: Huffington Post March 06, 2019 16:52 UTC