BoC interest rate decision in the limelight – TDS

Strategists at TD Securities remain biased towards a soft tone from the BoC at its meeting next week.

Key Quotes

“Despite a stronger-than expected outturn for Q1 data, the longer-term outlook remains less certain and will keep the Bank of Canada from sounding too upbeat”.

“Extreme dovishness driven by expectations for the Bank to express concern over the appreciation in the CAD will also be disappointed”.