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At 10:00 am ET Wednesday, the Bank of Canada reduced the benchmark rate to 1.25 percent from 1.75 percent. After the decision, the loonie dropped against its major rivals.
The loonie was trading at 1.3374 against the greenback, 1.4856 against the euro, 0.8850 against the aussie and 80.12 against the yen around 10:03 am ET.
