- None of the 25 economists surveyed by Bloomberg expect a rate change
- The March 8 announcement
- The market is priced for hawkish comments after the strong Canadian employment report
Look to the final paragraph of the report, this is the previous stance:
With the target interest rate near historic lows and the financial system functioning well, there is considerable monetary policy stimulus in Canada. The Bank will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risks, and set monetary policy consistent with achieving the 2 per cent inflation target over the medium term.
USD/CAD trading at 0.9955, near a session low and the mid-point of the range since early February. Offers at 1.0030/35 and option expiries at parity at 10 am ET.
