Canada Keeps 1% Lending Rate as Dollar Falls

The Bank of Canada kept its main interest rate unchanged and said the strength of the country’s dollar is hurting exporters, sending the currency to four-year lows.

Policy makers kept the benchmark rate on overnight loans between commercial banks at 1 percent, where it’s been since September 2010, as expected by all 21 economists in a Bloomberg News survey. Governor Stephen Poloz said his next interest rate move depends on how economic data change the balance of risks to the world’s 11th-largest economy.