In a speech delivered to the Women in Capital Markets organization, Governor Stephen S. Poloz will be providing insight into the Bank of Canada’s (BoC) decision to cut the policy rate by 50 basis points to 1.25% on March 4th. The speech is scheduled to start at 1800 GMT. Related articles BoC to cut rates again in April in addition to today’s 50bps – RBC. The Bank of Canada (BoC) lowered its overnight rate by 50 basis points to 1.25%. Josh Nye, Senior Economist at RBC Economics, points out a rate cut seemed like a foregone conclusion, particularly after the Federal Reserve’s emergency 50 basis point cut on Tuesday, “but the size of the move was a closer call”. They think the Bank will cut again in April. USD/CAD Price Analysis: Bulls now await a move beyond weekly tops, around 1.3440 region. The USD/CAD pair edged higher through the early North-American session and refreshed daily tops, around the 1.3430 region in the last hour, defying broad-based USD weakness. About Stephen Poloz (via bankofcanada.ca) “Stephen S. Poloz was appointed Governor of the Bank of Canada, effective 3 June 2013, for a term of seven years. As Governor, he is also Chairman of the Board of Directors of the Bank and a member of the Board of Directors of the Bank for International Settlements (BIS). He currently chairs both the BIS Audit Committee and the Consultative Council for the Americas.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE’s Carney: BoE to take all necessary steps to support UK economy FX Street 3 years In a speech delivered to the Women in Capital Markets organization, Governor Stephen S. Poloz will be providing insight into the Bank of Canada’s (BoC) decision to cut the policy rate by 50 basis points to 1.25% on March 4th. The speech is scheduled to start at 1800 GMT. Related articles BoC to cut rates again in April in addition to today’s 50bps – RBC. The Bank of Canada (BoC) lowered its overnight rate by 50 basis points to 1.25%. Josh Nye, Senior Economist at RBC Economics, points out a rate cut seemed like a foregone conclusion, particularly after the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
