Bank of Canada Preview: Canadian Dollar Awaits BoC Decision
Bank of Canada Preview: Canadian Dollar Awaits BoC Decision 2021-03-09 12:00:00 Justin McQueen, Analyst BoC Expected to Stand Pat on Policy BoC Likely to Acknowledge Strong Recovery in Accompanying Statement OVERVIEW: The Bank of Canada is expected to maintain current monetary policy with the overnight rate to remain at 0.25%, alongside no changes in the current pace (CAD 4bln/week) and composition in QE. The current stance from the BoC is that the policy rate will remain on hold until 2023. However, in light of the notable r...
Source: dailyfx.com