Investing.com - The Bank of Canada left its benchmark interest rate unchanged in August and said it was neutral about its next policy rate move, it announced on Wednesday.
The BoC said it was leaving its overnight cash rate unchanged at 1%, in line with expectations.
"The Bank remains neutral with respect to the next change to the policy rate: its timing and direction will depend on how new information influences the outlook and assessment of risks,” said a statement accompanying the announcement.
BoC Governor Stephen Poloz was to comment on the decision at a press conference later in the day.
The U.S. dollar extended losses against its Canadian counterpart, with USD/CAD trading at 1.0886 compared to 1.0910 ahead of the decision.