Bank Of Canada

With all the excitement surrounding Italy  and Euro zone,Bank OF Canada Policy statement basically went unnoticed.The BOC  left rates unchanged  but statement that followed turn hawkish as  they Dropped reference to being cautious on rates and Said “higher rates will be needed to keep Inflation near target” Below is 1 minute chart of Canadian Dollar .2 year yields in Canada adjusted moving higher by 6 Bps on the release.

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