BoC cut to weigh on CAD?

It is not often the Great White North leads the G- 10 volatility march but last week, the BoC cut the overnight rate by 25 bps to 0.5% and reduced near-term growth forecasts.

Poloz justified the move based on three key developments 
1) Energy producers reducing oil price forecasts and investments, 
2) Slowing growth in EM and China and 
3) The trickle down this implies for economic drivers of growth and nonenergy exports in Canada. 

A quicker return to above-potential growth(alleviating) the need for further easing by the Bank is awaited.

"CAD was out of consensus for over a year (a few years actually) and TSX is expected to underperform for many years. USD/CAD towards 1.4000 remains the minimum expectation, GBP/CAD has long term expectations near 2.2500/2.3000", says RBC.