With so much stimulus already in the system, there isn’t much suspense around the April interest rate announcement by the Bank of Canada (BoC), per TD Securities. Key quotes “As long as Poloz is Governor, we see limited risk of another rate cut from the BoC.” “If the BoC forecast errs on the optimistic side (-3.0% or higher on 2020 GDP) then it would imply a lower bar to additional asset purchases or rate cuts. Conversely, if the BoC takes a more pessimistic path (-5.0% GDP growth or below), it would suggest that they believe their announced policy stance is appropriate.” “We look for 2020 CPI inflation forecasts of 1.3% and 2.2% in 2020 and 2021.” 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 Fed’s Powell: Will be in no hurry to pull back on asset purchases or programs FX Street 2 years With so much stimulus already in the system, there isn't much suspense around the April interest rate announcement by the Bank of Canada (BoC), per TD Securities. Key quotes “As long as Poloz is Governor, we see limited risk of another rate cut from the BoC.” “If the BoC forecast errs on the optimistic side (-3.0% or higher on 2020 GDP) then it would imply a lower bar to additional asset purchases or rate cuts. Conversely, if the BoC takes a more pessimistic path (-5.0% GDP growth or below), it would suggest that they believe their announced policy stance is… Top 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.
