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Live Event Coverage: Bank of Canada Rate Decision

Live Event Coverage: Bank of Canada Rate Decision

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- The April Bank of Canada meeting is set to conclude on Wednesday, April 24 at 14:00 GMT.

- We’re expecting the BOC to signal that it’s firmly in a neutral policy stance, with the continued implicit understanding that oil prices will help guide the next rate move.

- Retail traders are selling USDCAD rallies, suggesting more gains could be ahead.

Coverage of the Bank of Canada Rate Decision begins at 6 minutes, 40 seconds in the above video.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.