BOC will keep rates unchanged.
Although the BOC will keep rates unchanged when they announce their latest rate decision at 10 AM, the market always has the potential to move one way or the other dependent on the interpretation of traders. For this pair OPEC is also on deck for Thursday with cuts expected to be extended. The price of oil has been a help for CAD as it has recovered to above $51.00. It currently trades at $51.25 down -$0.21.
Forex technical analysis: USDCAD levels in play through rate decision
