Bank of Canada overnight rate was 4.50% before the decisionMarkets were pricing in a 76% chance of a 25 bps cut and 24% chance of 50 bpsMacklem will hold a press conference at 10:30 am ET, but the opening statement was released with the BOC statement
USD/CAD was trading at 1.3546 ahead of the decision.
This article was written by Adam Button at www.forexlive.com.
