- Keeps exact language on likely need over time for some modest withdrawal of stimulus.
- Canada's underlying economic momentum is weaker than expected but should pick up through 2013.
- Repeats exports to pick up gradually, held back by persistent CAD strength, over competitiveness challenges.
Reaction details (07:01)
- USD/CAD sees downside following this rate announcement and statement, with strength in CAD; moves from 0.9950 to 0.9936 in immediate reaction.
04 Dec 2012 - 07:00 - Forex Data - Source: Newswires
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