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
