With no US economic data of note out today in NY we will have to look north of the border for our economic fix. The BOC has its interest rate announcement due today at 1400GMT with market consensus for rates to remain unchanged at 1%, the same level they have remained at since the Sept 8 2010 rate hike from 0.75%.
I would not expect any excitement based on an unchanged result with today’s market movements likely to be broad USD moves based upon the ebb and floe of the US equity indices.
