Press conference following the Bank of Canada rate decision has started.

BOC Gov. TIff Macklem and Senior Deputy Gov. are answering the questions from the press:

• Markets can count on us taking decisions one at a time.
• We will be assessing data relative to our outlook.
• Asked about statistics, Canada revisions to GDP says that StatCan as a very tough job.
• Improvement in the labor market is encouraging.
• Businesses are cautious about hiring investment plans.
• Recent jobs data as it changed the bank’s economic outlook.
• Policy rates are in the right place
• Canada and the US we build things together.
• The consequences of US tariffs is disruptive.
• Banks see better balance in the housing market
• We do not expect another surgeon housing prices

What levels should traders watch through the press conference

Technically, the 100 hour moving average remains a short-term target to get above for a more bullish short-term bias shifts. On the downside the 50% midpoint at 1.3839 is the close support level that is broken would shift the short-term bias more to the downside.

This article was written by Greg Michalowski at investinglive.com.



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