21 May 2015
No surprises expected at BoC meeting next week – TDS
FXStreet (Edinburgh) - Jacqui Douglas, Strategist at TD Securities, believes any major announcements to be unlikely at the upcoming BoC meeting (May 27th).
Key Quotes
“This non-MPR meeting is a placeholder ahead of the July decision”.
“The outlook is uncertain with higher oil prices largely compensating for higher rates and a stronger CAD, and big question marks remaining around the US outlook”.
“For Q1 GDP on Friday we’re looking for a 0.5% SAAR gain, which is in the ballpark of the BoC’s forecast for a flat pint”.
Key Quotes
“This non-MPR meeting is a placeholder ahead of the July decision”.
“The outlook is uncertain with higher oil prices largely compensating for higher rates and a stronger CAD, and big question marks remaining around the US outlook”.
“For Q1 GDP on Friday we’re looking for a 0.5% SAAR gain, which is in the ballpark of the BoC’s forecast for a flat pint”.