Sam Bonney, Research Analysts at Nomura, suggests that they are sticking to their view that the BOC will leave rates unchanged at Wednesday’s meeting. Key Quotes “While the top-line data look good cracks are showing. We are starting to see further signs that consumption and credit growth is moderating. Meanwhile, NAFTA and US trade policy remains uncertain. Together, these factors should see the BOC stand pat this week.” “An unchanged rates decision should not surprise the market or consensus. Recent BOC meetings have not provided much FX volatility. Following disappointing inflation and retail sales data, the market has almost ruled out the possibility of a hike this week (just 4bp priced). As a result, we do think CAD depreciation risks around this week’s meeting may be more limited.” “We expect the BOC to stick to its cautious tone, but see a risks it tries to guide the market towards a July hike. Headline inflation rising rapidly (energy base effects could add ~67bp by July) and oil price strength should provide tailwinds for the market to price in a July BOC hike. July pricing has also been reduced to 17bp, too low in our view.” 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 EUR/USD Technical Analysis: reaches a new 2018 low, currently consolidating the strong bear breakout FX Street 5 years Sam Bonney, Research Analysts at Nomura, suggests that they are sticking to their view that the BOC will leave rates unchanged at Wednesday's meeting. Key Quotes "While the top-line data look good cracks are showing. We are starting to see further signs that consumption and credit growth is moderating. Meanwhile, NAFTA and US trade policy remains uncertain. Together, these factors should see the BOC stand pat this week." "An unchanged rates decision should not surprise the market or consensus. Recent BOC meetings have not provided much FX volatility. Following disappointing inflation and retail sales data, the market has almost ruled… 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.