Bank of Canada's Dodge softens rate hike stance

CANADA - David Dodge, the Bank of Canada governor, said yesterday economic growth would likely ease over the next three quarters so interest rates need not be raised as quickly as previously thought.

Mr. Dodge's comments came a day after the central bank left its key interest rate unchanged at 2.75%, citing global uncertainties as a cloud over a robust domestic economy. But his remarks came as strong data helped send the Canadian dollar hurtling half a cent higher against the U.S. greenback, t