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

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.
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