The Bank of Canada (BoC) will be the sole representative of major central banks to make an official announcement next week. BoC Governor Stephen Poloz, dubbed “Sunny Stephen” by The Economist, remains optimistic about the Canadian economy having an export-led recovery that will be boosted by a weaker loonie, as the Canadian $1 coin is known. Poloz addressed a business audience at Charlottetown, PEI on May 19. At that meeting, he stuck to his forecast for the economy that was released last April, and he is not expected to make any changes to the bank’s benchmark interest rate this week. The USD/CAD broke through the ... (full story)