Markets still waiting for the Bank of Canada, no rate movement expected

Tomorrow’s announcement will more of what the BoC has to say about the Canadian economy and how the current stalemate between the U.S. and China will continue to impact it. Expect no rate change and a possible reiteration of not changing mortgage rules in alleviate the current real estate woes.   

                                Currently             Close                     Range

USDCAD               1.3472                   1.3444                   1.3434-1.3480

EURCAD               1.5050                   1.5049                   1.5022-1.5081

GBPCAD               1.7057                   1.7045                   1.7013-1.7089

                                                                                                Prior                      Actual

US:         Consumer Confidence May                         129.2                     134.1

                S&P Case-Shiller Home price Index Mar  0.3%                      0.1%