The Canadian dollar weakened fractionally after the comments from BOC Deputy Cote.
She said the March 4 rate decision will be based on careful examination of economy and how risks are evolving. The news there, between the lines, is that there is a 'decision' to be made and that implies a chance of another cut. That's not really a surprise to the market with OIS pricing a 80% chance of a drop in rates down to 0.50%.
