Pressed on NAFTA comments.

He added:

  • Approach hasn't changed; we will not just accept any deal
  • More more Americans are speaking out in favor of NAFTA,
  • says prepared for anything and has contingency plans

The USDCAD is trading below the 100 and 200 hour MAs at 1.2488 at 1.2477. The 50% of the move up from the January 5 employment day low comes in at 1.24717.

Next week the BOC will have a meeting with the expectations back up to 85.5%. That is close to being a done deal.