The USDCAD is tumbling following comments from BoC’s Wilkins that they to assess whether lless stimulus is needed. As a result the USDCAD is slipping to its daily lows. Key remarks of her speech:

  • ’significant’ Canada monetary stimulus at present
  • fading oil drag important aspect of BoC’s assessment 
  • US policy uncertainty remains key risk to projection 

 more to come