A Reuters report, citing a source familiar, says the Bank of Canada will leave its inflation target at 2% in the announcement of the upcoming framework.
The BOC and government had reviewed the 2% inflation mandate within a 1-3% control range alongside four alternative frameworks including something like the Fed's new average inflation target. However they wont' be making any changes besides some cosmetic shifts on employment.
USD/CAD is at the highs of the day as oil and equities slide. The pair is up 66 pips to 1.2717.
