The BOC has their rate meeting at 14.00 gmt and we’re standing by to watch the action as it happens. They are expected to remain unchanged at 1.0%
USD/CAD has been treading water in the 1.0500 area since breaking up in August. and while it is looking well supported on dips below, it’s not looking to take on 1.06 just yet.
There is zero, zilcho, nada expectations for anything to happen.
Colonial Adam will be revealing the full text from the announcement.
