As expected, the Bank of Canada maintained the benchmark rate at 0.25 percent. The loonie advanced against its major rivals after the decision.

The loonie was trading at 87.15 against the yen, 1.2666 against the greenback, 1.4972 against the euro and 0.9338 against the aussie around 10:04 am ET.

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