3.Canadian rate decision: Wednesday, 14:00. The Bank of Canada kept its benchmark interest rate unchanged in March while monitoring “significant uncertainties” weighing on the outlook for the economy. Policymakers are worried that Donald Trump’s new economic policies, such as border tax and protectionist policies, will have a negative effect on Canadian investment and exports. The central bank expected stronger growth in the fourth quarter of 2016 according to positive GDP data. However, exports continue to face difficulties while wage growth has weakened.The rate has been unchanged for 8 consecutive meetings.We believe that there won’t be a change and the markets are also expecting this,which indicates that there won’t be an impact on the cad traded pairs.We recommend following the BOC Monetary Policy Report and the BOC Rate Statement because they are going to give us an idea about the future policy of the Canadian central bank.
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