USDCAD Price Outlook - Canadian Dollar Remains Firm Ahead Of BoC Policy Announcement
December 08, 2020 at 17:01 PM EST
The Bank of Canada is expected to leave its overnight interest rate unchanged at 0.25% and maintain forward guidance and QE program. The bank sees the economy growing by 4% in 2021 and 4.5% in 2022 after an expected decline of around 5.5% in 2020.