BOC interest rate decision on 07.03.2018

  •  BoC: global growth solid and broad-based
  •  BoC: trade “growing source of uncertainty”
  •  BoC: CDN 2017Q4 growth “slower than expected”
  •  BoC: inflation running close to 2% target
  • BoC: inflation “consistent with an economy operating near capacity”
  • BoC: wage growth lower than typical in an economy with no labour market slack
  • The link to the statement

Yoyo in the USDCAD as caution on the wage growth and trade uncertainties but after a visit to 1.22940S , the market come back to right where we were before the rate announcement 1.2915

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