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BOC Rate Decision and August Ivey PMI
Tomorrow could be a pretty active day for CAD pairs. This is due to the simultaneous release of two key macro events. There is a relatively firm consensus on what the BOC will agree to at their meeting. Therefore, there is less of a chance of a large market swing. If the Ivey PMI figures were to miss though, it’ll most likely be the immediate driver of a reaction in the markets. Canadians are heading to the polls for a snap election on September 20th. Trudeau’s center-left coalition was a favorite to win but has been increasingly underperforming in the polls. Regardless, the vast majority of economists agree with ... (full story)