The Bank of Canada (BOC) is joining this week’s top-tier events parade with a monetary policy decision!
Our Event Guide for BOC’s July Decision suggests that Governor Macklem and his team would keep their interest rates steady at 2.75% this week. What’s more, Macklem could lean into the whole “data-dependent” theme and give Loonie a little pep in its step.
Here’s why EUR/CAD and CAD/CHF’s setups may be considered if the BOC keeps its policies steady:
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