CIBC Research expects the Bank of Canada (BoC) to remain on hold at its policy meeting on Wednesday, and also to stress the coverage divergence between Canada and also the US.

The BoC currently had bullish forecasts for near-term progress, therefore there is no need to hint at any adjustments to all those projections in this non-MPR assertion. Expect Poloz to carry on stressing the differences between Canada and also the US as he retains interest rates on hold,

...In this week's assertion Governor Poloz will probably once again alert traders to distinctions between the US and Canadian economies, detailing why rates here stick to hold while the US hikes, CIBC argues.

On CAD entrance, CIBC expects only a moderate CAD appreciation, with USD/CAD achieving 1.34 by year end but with CAD under performing other majors.