Bank of Canada: stuck in neutral - Nomura

FXStreet (Bali) - As noted by Charles St-Arnaud, Economist at Nomura, the BoC reiterated that its policy stance remains neutral.

Key Quotes

"Overall, the statement from the BoC was neutral. The communiqué makes it relatively clear that the BoC's policy stance will remain unchanged unless there is a sustainable pickup in exports and business investment. As such, the solid recovery in the US should help, but the impact on the Canadian economy is likely to be felt with a lag. We continue to believe that the BoC will leave its policy rate unchanged until mid-2015."