BOC Governor Poloz Speaks (CAD) – 11/06

 

What is it? Poloz is due to hold a press conference about Financial System Review, 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.

When? June 11th at 11:15am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

 

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