22-Jan-2014, GMT 14:37 a.m.
Bank of Canada leaves rates unchanged at 1.00%.
According to statement, inflation remains the biggest concern. CPI will most likely run below 2% target and below latest forecasts for extended period of time. BoC assumes that inflation will reach 2% goal in 2 years when 2.5% growth (forecasts for 2014 and 2015) will boost consumption.
In a few minutes press conference will begin. Expectations are dovish. Meanwhile USD/CAD surged ~96 pips during last hour. Will market keep these gains?
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