BOC’s Macklem: If core inflation stays put, we won’t hit our inflation forecast

  • We’re going to be taking our decisions one at a time
  • We will take our April decision with the benefit of more data
  • We are seeing progress in inflation fight, need to see more progress
  • I continue to believe that inflation risks are reasonable balanced
  • Inflation expectations have remained well anchored

These comments are similar to what we heard earlier. USD/CAD touched 1.3500 today but is trading about 20 pips higher.

This article was written by Adam Button at www.forexlive.com. Source