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Bank of Canada to taper again as loonie succumbs to Delta concerns
The Bank of Canada will announce its latest monetary policy decision on Wednesday at 14:00 GMT, which will be followed by a press conference by Governor Tiff Macklem at 15:00 GMT. With Canada’s economic recovery from the pandemic ticking along nicely, the BoC looks set to further scale back its bond purchases. However, looking at the Canadian dollar’s recent performance, it’s hard to tell that the BoC is the first major central bank to begin the tapering process. As worries about the latest escalation in virus cases weigh on the markets, can the Delta variant derail the Bank’s exit strategy? Market pundits ... (full story)