Less hawkish BOC tones being cited 3 Aug
– USDCAD 1.2600 in a month
– 1.2770 in 3 months
– 1.2900 in 12 months
Majority of 50 fx strategists polled by Reuters see the BOC playing down the need for an aggressive rate hike programme next month in a bid to curb the recent CAD strength.