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Will a Bank of Canada taper lift CAD?
Posted 7 hours agoSharePrint
The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day.
Will the BoC hit the taper button?
All eyes will be on the Bank of Canada policy meeting on Wednesday (14:00 GMT). The bank is expected to maintain interest rates at 0.25%, where they have been pegged since last March, at the start of the Covid-19 pandemic. Any drama will revolve around the bank’s QE programme, with the BoC widely expected to trim weekly government bond purchases from CAD 4 billion to 3 billion.