Market pricing is around 80% for a 0.25% rate cut from the Bank of Canada today, due at 0945 Eastern time:
Bank of Canada Governor Macklem’s press conference will follow 45 minutes later.
Earlier previews are here:
- Bank of Canada rate decision: A cut of 25 basis points is expected
- The risk is the Bank of Canada do not cut rates this week, but wait until July – preview
This article was written by Eamonn Sheridan at www.forexlive.com. Source