As expected, the Bank of Canada kept benchmark rate on hold at 0.50 percent. Following the announcement, the loonie recovered from early lows against its key counterparts.

The loonie was worth 1.5110 against the euro, 82.85 against the yen,1.0090 against the aussie and 1.3511 against the greenback around 10:02 am ET.

Euro vs CAD (FX:EURCAD)
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Euro vs CAD (FX:EURCAD)
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