Macklem hosts a press conference
I believe Macklem will be flying solo in this one. USD/CAD is down more than 200 pips now from the pre-decision level and trading at 1.2481. It it closes below 1.2471, it will put a huge bearish reversal on the chart.
I expect Macklem to try to lean against CAD strength by emphasizing that QE is ‘at least’ $3B a week but I don’t think he has much of a card to play.