Lane will speak on monetary policy
The embargo on Lane's comments will be lifted at 3:35 pm ET. Some economic calendars say 3:50 pm ET but it will be 15 minutes earlier. At 5:10 pm ET, he will take questions from the media.
So the Canadian dollar will be getting bombarded by headlines on two separate fronts.
From the BOC:
"This is the first in a new series of Economic Progress Report speeches scheduled to follow the interest rate decisions that are not accompanied by a Monetary Policy Report. Delivered by members of Governing Council, these speeches will discuss how economic conditions and risks to the inflation outlook have evolved and provide insight into the key issues figuring in the deliberations about the rate decision"
