BoC to maintain status quo – Rabobank

Christian Lawrence, Research Analyst at Rabobank, expects the Bank of Canada to leave its policy rate unchanged at 0.50% today and also maintains the view that the BoC is unlikely to change the policy rate in the next year.

Key Quotes

“At this week’s meeting we will also see the BoC’s new Monetary Policy Report.”

“Macro data have improved with positive signs emerging from the labor market in particular and the BoC might adopt a slightly less dovish tone.”

“USD/CAD is likely to remain range bound and we have left our forecasts unchanged.”