USD/CAD up to 1.1150 after BOC Comments

The Canadian dollar slid to 4 1/2-year lows on Thursday after the Bank of Canada said the currency’s depreciation should help exports, while the Australian dollar weakened following a disappointing survey of Chinese manufacturers.

In contrast, sterling took off after a surprisingly big fall in the UK jobless rate prompted investors to price in an earlier start to rate hikes in Britain.

The loonie, as the Canadian dollar is known, fell to C$1.1139 per U.S. dollar, bringing its decline this year to nearly 5 percent and trading at its lowest level since July 2009.


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