The Bank of Canada meeting ends with a decision on Wednesday at 14:00 GMT. There are certainly some arguments for tapering but economists at BBH are not totally convinced. Here you can find where the USD/CAD pair may move after the BoC’s Interest Rate Decision and Monetary Policy Report. Where could the Canadian dollar go near-term? “If the BoC delivers tapering, we would expect USD/CAD to fall and perhaps test the March 18 low near 1.2365.” “If it does not taper, then we would expect USD/CAD to rise and perhaps test the March 5 high near 1.2735.” “Longer-term, CAD direction will be driven in large part by broader USD movements. We remain bullish on USD due to the economic outperformance of the US, but the recent slump in US yields has weighed on the greenback.” 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 USD/JPY struggles near multi-week lows, around 108.00 mark FX Street 2 years The Bank of Canada meeting ends with a decision on Wednesday at 14:00 GMT. There are certainly some arguments for tapering but economists at BBH are not totally convinced. Here you can find where the USD/CAD pair may move after the BoC's Interest Rate Decision and Monetary Policy Report. Where could the Canadian dollar go near-term? "If the BoC delivers tapering, we would expect USD/CAD to fall and perhaps test the March 18 low near 1.2365." "If it does not taper, then we would expect USD/CAD to rise and perhaps test the March 5 high near 1.2735." … 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.