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German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

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Bank of Canada to hold rates at the March meeting: UniCreditBofA Merrill Lynch

Monday, March 2, 2015 6:28 PM UTC

Quotes from BofA Merrill Lynch:

- Following Governor Poloz's recent speech, we expect the BoC to forgo rate cuts in March.

- We see risks that the BoC cuts again due to downside risks to GDP and oil prices. We see April as the most likely candidate.

- We are neutral on duration but recommend paying 5s on the curve; near-term USD/CAD upside limited as BoC in wait and see mode.

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Bank of Canada to hold rates at the March meeting: UniCreditBofA Merrill Lynch

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