The Bank of Canada is expected to drop its tightening bias at tomorrow's policy meeting....

|By:, SA News Editor

The Bank of Canada is expected to drop its tightening bias at tomorrow's policy meeting. Replacing it could be a Fed-like pledge (actually first introduced by the BoC in 2009) to keep "ultra-low" rates for a specific period of time. Well north of parity with the greenback a month ago, the loonie has been following risk markets lower of late, currently buying $1.0067.