USD/CAD was initially lower after the BOC statement

The market is struggling to sift through the Bank of Canada statement and that's led to a quick 30 pip jump in USD/CAD.

The pair had initially fallen 10-20 pips after the release but it has jumped as much as 35 pips from the lows.

A big part of the story might be uncertainty and/or illiquidity with Poloz set to hold a press conference at 1615 GMT (11:15 am ET).