Up next: The Bank of Canada decision

Author: Adam Button | Category: Central Banks

The BOC interest rate decision is coming up at the top of the hour

The market is pricing in a 16% chance of a hike.

The final paragraph is the one to watch. Here is what it said previously:

"Based on this outlook and the risks and uncertainties identified in today's MPR, Governing Council judges that the current stance of monetary policy is appropriate. While less monetary policy stimulus will likely be required over time, Governing Council will be cautious in making future adjustments to the policy rate."