150 pip drop wiped out
USD/CAD is trading at 1.4620 after falling as low as 1.4492 on the BOC decision.
Bank of Canada Governor Poloz holds a press conference at 15 minutes after the hour. The combination of fresh lows in oil and an absolute rout in stock markets is rocking sentiment.
The market is saying the Poloz is out to lunch and will have to cut rates.
This is a key appendix in the Bank of Canada MPR:
The other risk is that he's more dovish in the press conference.
