BOC Governor Poloz Speaks (CAD) – 03/11
- Donald Herison
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What is it? Governor Poloz is due to speak about the legacy of the financial crisis at the Canadian Council for Public-Private Partnerships, in Toronto.
As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? November 3rd at 12:50pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.
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