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

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