CAD is barely responding to Bank of Canada Governor Macklem comments

Canada's central bank Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers are appearing before the Canadian Parliament's Standing Senate Committee on Banking, Commerce and the Economy.

Remarks reported here:

and

Macklem is softening his tone on rate rises, basically reiterating what we have been hearing from the BoC.

USD/CAD is doing very little indeed:

usdcad 02 November 2022

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