Bank of Canada Rate Decision Preview:
1/20/2021 12:50:03 AM GMT Status quo forecast at 0.25% for overnight lending rate, QE purchases. Extended policy view sees no change for at least two years. BoC statement and Governor Tiff Macklem speech and press conference will have market focus. Canadian dollar retreats from near three-year high, WTI slips. The Bank of Canada is widely expected to keep monetary policy and quantitative easing unchanged at its meeting on Wednesday in spite of new COVID-19 provincial lockdowns and a slowing economy. Overnight lending will stay at 0.25% and the purchase program at C$4 billion a week though ...