Unlike recent months, when the Bank of Canada surprised markets by becoming one of the first to taper its QE, there were no surprises in today's BOC announcement, with the central banks keeping the rate unchanged at 0.25% as expected, while also keeping its weekly purchases and forward guidance both unchanged too. The BOC said it will hold current level of policy rate "until inflation objective is sustainably achieved," while continuing its quantitative easing at a rate of CAD$3BN per week, while keeping expectations intact for another reduction in emergency stimulus levels next month. “We remain committed to holding ... (full story)