Analysts at TDS suggest that BoC’s Governor Poloz’s speech on central bank communications will provide an opportunity to steer markets ahead of the July BoC meeting, which is 50% priced for a 25bp rate hike.
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“Poloz’s speech will be released from lockup at 15:00 ET and will be followed by both an audience Q&A and press conference, scheduled for 16:30 ET.”