What is it? Governor Poloz is due to testify, along with Senior Deputy Governor Carolyn Wilkins, before the Senate Standing Committee on Banking, Trade, and Commerce, in Ottawa.
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.
Usual Effect If the announcement will hint towards higher interest rates, you can expect the CAD to rise.
When? October 29th at 4:15pm Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
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