Poloz is singing a happy tune and it’s giving a slight lift to the Canadian dollar.
- Ingredients are present for more business investment, just need more confidence
- Becoming more confident of increased business investment
- Capacity utilization is quite high so if exporters get new contracts, they will have to invest
- BOC trying to balance risk of overstretched households and low inflation
USD/CAD down a few pips to 1.1022.
