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Forex Flash: BoC to keep rate at 1.00%, but alter tone – TD Securities

By FXstreet.com October 23, 2012, 04:07:00 AM EDT

FXstreet.com (Barcelona) - The Bank of Canada interest rate decision will attract the market attention after Governor Carney's dovish speech last Monday reshaping expectations for this meeting, with a possible change in the content of the accompanying communiqué: "We expect the communiqué to echo the Governor's speech, where an uncertain outlook for the global economy laden with downside risks implies a downwards revision to the forecast for Canadian growth and core inflation", wrote analyst Alvin Pontoh, also forecasting a less urgent need to rise the overnight rate with so many downside risks and uncertainty.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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