USD/CAD pares the decline from the previous week, with the exchange rate bouncing back from fresh yearly (1.2860), but the Bank of Canada’s (BoC) July 12 interest rate decision may fuel a further shift in market behavior should the central bank continue to alter the outlook for monetary policy. The 45.3K rise in Canada Employment may encourage the BoC to adopt an improved outlook for the region as ‘the Canadian economy’s adjustment to lower oil prices is largely complete,’ and fresh remarks from Governor Stephen Poloz and Co. may trigger a bullish reaction in loonie should the central bank show a greater willingness ... (full story)