Loonie widens gains vs. U.S. dollar after holding interest rates

Canadian dollar kept rising against its U.S. counterpart for the fifth session in a row, hitting its highest since the end of February, after Bank of Canada held interest rates today. 

As of 05:04 GMT, USD/CAD fell to 1.3308 from the opening of 1.3323, with an intraday low at 1.3253, and a high at 1.3338. 

The BOC held overnight interest rates unchanged at 0.50% while releasing the quarterly report on monetary policy. 

Similarly, the BOC expects the global economy to expand by 3.25% in 2017, and 3.50% in 2018 and 2019, and for the Canadian economy to grow 2.50% this year and less than 2% in 2018 and 2019.