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In Canada, Governor Poloz will be speaking about feedback from markets and the implications for monetary policy (remarks published at 8:10ET followed by an audience Q&A and a press conference), points out the research team at TD Securities.

Key Quotes

“Look for Poloz to express his distaste for forward guidance as it dampens the value of market signals, which will tie into the decision to remove “gradual” from the October statement. The BoC views every meeting as “live”, but Poloz won’t tip his hand on December.”