The Bank of Canada (BoC) holds its first meeting of the year today. Economists at Commerzbank analyze Loonie’s outlook ahead of the policy announcement. Will the BoC continue to wait and see? • "The actual interest rate decision is unlikely to be particularly exciting at this stage. Instead, the BoC is likely to leave rates unchanged. This should not really surprise the market, even though a small residual probability of a first rate cut is currently priced in." • "If the BoC's statement and Governor Tiff Macklem's subsequent meeting with reporters can reassure the market of its continued cautious approach, the ... (full story)