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Will the BoC strike a more confident tone at its May meeting?

From xm.com

The Bank of Canada (BoC) is widely expected to keep its policy unchanged on Wednesday at 14:00 GMT. Recent economic data and some remarks by Governor Poloz argue for a slightly more confident tone overall, which may lift the loonie. That said, simmering trade tensions and other risks will likely keep a lid on the optimism, implying that any positive reaction may be only modest. After hitting a soft patch earlier this year, the Canadian economy has shown clear signs of recovery in recent weeks, with incoming data being much stronger overall than what the BoC had projected in its latest forecasts. The labor market has ... (full story)

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  • Category: Fundamental Analysis