BOC monetary policy decision on 05.12.2018
- Inflation may be rising slower than expected.
- Rate pace to be influenced by trade policy, rate sensitivity and oil prices.
- Expect less growth momentum in Q4.
- Appropriate rate path depends on “number of factors.
A dovish report. USDCAD shooting towards the 1.3380/00 resistance area, currently 1.3365.
Here is the Statement