Bank of Canada Meeting & Press Conference

Bank of Canada Meeting & Press Conference

Canadian central bank raised its benchmark interest rate twice in 2017. At its last meeting in December, Governor Stephen Poloz sounded rather hawkish. At the same time, Canada’s economy has some problems that may make the Bank of Canada (BOC) put off policy tightening. 
The BOC will announce its rate decision at 17:00 MT time on January 17. The probability of a rate hike at this meeting isn’t high, but traders will watch the central bank’s statement and the following press conference at 18:15 MT time. As a result, there are almost no doubts that USD/CAD will make big moves during these events. 



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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