CAD Extended Rally as BOC Sounded Less Dovish

<p>BOC’s January meeting came in less dovish than expected. While leaving the monetary policy measures unchanged, the central bank has upgraded the economic outlook for 2022. Meanwhile, policymakers hinted QE tapering if confidence over recovery improves. At the meeting, BOC kept the overnight rate at 0.25% and the QE program a weekly purchase of CAD$4B. […]</p>
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