The Bank of Canada decided to raise its overnight rate target to 1.5% on Wednesday as the economy continues to operate close to its capacity and the CPI remains near the 2% target. At 15:15 GMT, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins will be delivering their remarks on the monetary policy outlook and will also respond to questions in a press conference. Related articles USD/CAD tumbles to lows near 1.3080 post-BoC. The Canadian Dollar is sharply appreciating vs. its American neighbor on Wednesday, dragging USD/CAD to fresh lows in sub-1.3100 levels. The Bank of Canada monetary policy statement from July meeting. The Bank expects the global economy to grow by about 3 ¾ per cent in 2018 and 3 ½ per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stronger than expected, reinforcing market expectations of higher policy rates and pushing up the US dollar.  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 EIA: Commercial crude oil inventories decreased by 12.6 million barrels from previous week FX Street 4 years The Bank of Canada decided to raise its overnight rate target to 1.5% on Wednesday as the economy continues to operate close to its capacity and the CPI remains near the 2% target. At 15:15 GMT, Governor Stephen S. Poloz, and Senior Deputy Governor Carolyn A. Wilkins will be delivering their remarks on the monetary policy outlook and will also respond to questions in a press conference. Related articles USD/CAD tumbles to lows near 1.3080 post-BoC. The Canadian Dollar is sharply appreciating vs. its American neighbor on Wednesday, dragging USD/CAD to fresh lows in sub-1.3100 levels. The Bank of Canada… 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.