“We expect the BoC will leave the overnight rate unchanged at next week’s meeting, which is in line with market expectations,” said TD Securities analysts previewing the BoC meeting. Key quotes “The communique is likely to have a dovish tilt to it, as the recent deterioration in economic data ought to outweigh the impact of higher oil prices.” “Our base case is for the Bank to leave their forward looking language mostly unchanged, warning of higher policy rates over time subject to the evolution of the data, as we expect Poloz will want to have a full forecast in hand before a significant shift in communication.” “Still, the GDP figures do raise valid questions over the Bank’s ability to tighten further, and as such we see a material risk that the Bank pivots to a purely neutral policy stance. We are therefore biased towards long positions in CAD front-end rates ahead of the release.” 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 AUD/USD heads for lowest weekly close since December FX Street 4 years "We expect the BoC will leave the overnight rate unchanged at next week's meeting, which is in line with market expectations," said TD Securities analysts previewing the BoC meeting. Key quotes "The communique is likely to have a dovish tilt to it, as the recent deterioration in economic data ought to outweigh the impact of higher oil prices." "Our base case is for the Bank to leave their forward looking language mostly unchanged, warning of higher policy rates over time subject to the evolution of the data, as we expect Poloz will want to have a full forecast in hand… 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.
