The BOC Business Outlook Survey is due later
The market is pricing in an 84% chance of a BOC hike on January 17. That's up from 45% prior to Friday's strong jobs report.
However, the BOC may see the employment numbers as a lagging indicator with the rate cuts from July and September yet to hit the economy. If so, Poloz may want to signal that policymakers aren't in a rush to hike rates.
His only remaining chance to do that is in today's BOC Business Outlook Survey for Q4. It's an increasingly import document that outlines how businesses see the economy developing. In July, it was the final nail in the coffin for a hike.
