The Canadian dollar took its hardest hit since June when the Bank of Canada talked about the need for future increases in the interest-rates, an issue that dates to more than a year back, citing greater slack in the economy. The policy unites with the decisions of other central banks to continue rather than retract easy-money policies.

Governor Stephen Poloz kept the rate on overnight loans between commercial banks at 1 percent for the 25th consecutive meeting, as had been earlier forecast by economists, which caused the currency to slip against the majority of its 16 trading peers. Inflation levels are set to remain below 2 percent until the end of 2015, an extension of two quarters since last prediction in July, risking greater importance on further risks.

The CAD fell 0.9 percent to C$1.0382 against the USD at 5 p.m. in Toronto yesterday