The BoC announcement is due at

Earlier previews are here

In brief comments from TD on what to expect:

  • We look for the BoC to reduce GoC purchases to $3bn/week while reaffirming that it does not expect to lift rates until 2023. However. risks are tilted towards a more hawkish statement.

And, what expect for FX:

  • A taper and growth upgrades are expected, but a hawkish surprise could reignite CAD performance and see USDCAD re-test its Covid cycle lows. We also find appealing risk/reward to fade EURCAD rallies towards 1.50.


The BoC announcement is due at