BOC decision tomorrow at 10 AM ET. No change expected. BoA/Merrill see USDCAD at 1.3600 by year end
In an earlier post, BoA/Merrill Lynch speak of how they see the USDCAD moving higher into the year end and into 2017. Their call is for the USDCAD to reach 1.3600 by the year end. With the price at 1.32623 that is 338 pips from here. There are 18 trading days and included in that period is not only the BoC no change tomorrow but also;