By eFXdata — Mar 07 - 01:30 PM
Goldman Sachs discusses its expectations for tomorrow's BoC policy decision.
"We expect the Bank of Canada to begin its pause at this week’s meeting, though we see an elevated risk that the tightening cycle resumes sometime later this year," GS notes.
"Tactically this means that the path of least resistance in CAD is probably weaker at the very least through this week’s meeting, but risks seem more balanced after that and will remain highly dependent on the data flow," GS adds.
Goldman Sachs Research/Market Commentary