Q1 growth is looking stronger than projected but the BOC, Governor Carney says. There have been no evidence yet of widespread business or economic adjustments to the strong CAD, he said. He says he sees no underlying shift in the CPI dynamic and that the BOC focuses on the medium-term, not one or two strong months.
That last comment is meant to end speculation of a near-term rate hike. Sorry, CAD bulls. USD/CAD trades at 1.0232.
