Canada Dollar Reaches One-Week High as BOC Sees Economic Rebound

  • Central bank matches projections by holding benchmark target
  • Futures show reduced likelihood of a policy-rate cut in 2016

The Canadian dollar rose to a one-week high after the Bank of Canada held its benchmark interest rate unchanged and downplayed the impact of the U.K. vote to leave the European Union and weaker U.S. demand, saying an export-led rebound is coming.

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