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BoC likely reluctant to cut further

Thursday, June 25, 2015 6:46 PM UTC

The recent recovery in oil prices, January's rate cut and a weaker exchange rate have given the BoC some breathing room to evaluate the longer-term effects of the 2014 oil price decline.

"We think the BoC will remain on the sidelines, and we welcome a weaker currency as a reflationary tool. We forecast the USDCAD to rise toward 1.31 by Q2 16, reflecting broad USD moves." estimates Barclays Capital

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BoC likely reluctant to cut further

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