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No Surprises in BoC Mandate Renewal

CANADA
  • That mandate renewal is broadly inline with expectations - inflation wording is unchanged, and Bank are to 'continue' to "leverage the flexibility of the 1 to 3 percent range to help address the challenges of structurally low interest rates by using a broad set of tools, including sometimes holding its policy interest rate at a low level for longer than usual."
  • CAD is at the lows of the day vs. USD - but has been trending in that direction throughout the Monday session.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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