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Bank of Canada will support but may not accelerate USD/CAD gains - BAML

Discussion in 'Fundamental Analysis' started by ForexLive, May 24, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Bank of American Merrill Lynch on the BOC decision: We expect the Bank of Canada (BoC) to hold the overnight rate at 0.50%, but strike a cautious, dovish tone in their policy statement. The focus will be on the statement itself, since there is no press conference, and an on-hold stance is largely expected.

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