Live Event Coverage: Bank of Canada Rate Decision

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