BOC decision up next
Now that the election is over and Justin Trudeau has secured a majority, traders can shift focus on other events and trends. The Bank of Canada interest rate decision is tomorrow at 10 AM. Governor Poloz speaks at 11:15 AM ET. Recent comments from Poloz have warned about increasing debt levels but he added the Bank of Canada is not responsible for poor decisions on personal/housing debt. On the CAD, he commented back on September 21 that "our floating exchange rate helps absorb some of the impact of the price movements and sends signals that facilitate adjustments."
Forex technical analysis: USDCAD moves back to neutral ground after election
