- BoC statement drops the dollar, USD/CAD was 1.2520 ahead of the statement
- Pair paid at 1.2550/ given at 20 in the knee-jerk initial response
- But was clobbered all the way down to 1.2440 in short shrift after
- Output gap to close end- 2016 still, oil impact front loaded and not seen worsening
- Q1 CPI forecast raised from +0.5 to 1.0%
The material has been provided by InstaForex Company – www.instaforex.com