Bank of Canada

Bank of Canada: The loonie was well off the highs of the session but still ahead 0.21 of a cent to 91.32 cents US on a relatively quiet day with U.S. markets closed for the Martin Luther King holiday, according to CTV. The central bank has dropped language that suggested it was biased towards raising rates and adopted a neutral stance, although some observers believe it may ease its monetary policy and lower rates and TORONTO -- The Canadian dollar closed higher Monday, ahead of a mid-week announcement on interest rates and the economy from the Bank of Canada. Traders will be looking for any change in the Bank of Canada's language about interest rates on Wednesday, along with it's latest take on the economy in its Monetary Policy Report. (www.immigrantscanada.com). As reported in the news.