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Bank of Canada policy: The calm after the storm
The Bank of Canada will hold its last policy meeting before the year end on Wednesday at 14:00 GMT and markets are almost certain that no shift will take place as growing post-Covid prospects are outweighing the current virus resurgence. Should the Bank adopt a more optimistic tone, the Canadian dollar may seek fresh highs. Markets are in a festive mood, celebrating the promising vaccine news that is highly projected to end the health crisis and put the global economy on more solid footing during the second quarter of 2021. But before that day comes, infections will keep spreading and government restrictions will ... (full story)