BOC Schembri: Economy is operating close to potential

Author: Greg Michalowski | Category: Central Banks

Deputy Gov. speaks in Ottawa

  • solid demand growth is spawning business investment
  • BOC is closely monitoring expansion and economic capacity
  • trade liberalization helpful for boosting potential
  • firm entry, better labor market conditions
  • Canada expansion repairing damage to potential output
  • uncertainty about US trade policy currently weighs on business investment, export growth
  • Canada's recent deals on CETA, TPP are helping to reduce trade barriers
You can read the full speech HERE

The USDCAD moved back below the 200 hour MA earlier and raced below the 100 hour MA but stalled at the 200 bar MA on the 4-hour chart at 1.2774 (the low reached 1.2778).  The pair currently trades above the 100 hour MA at 1.2803 but below the 200 hour MA (and the 200 bar MA on the 4-hour chart) at 1.28457. 


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