Published at 08:56 (GMT) 17 Jul
Canada BoC meets today and their communiqué is likely to express a change in attitude and outlook compared to the last meeting on 17 Apr. For a detailed look at what is likely to be said search BoC + Preview. Bottom line is that expectations are likely to be lowered and prospects for reducing monetary stimulus will drop accordingly. Equities are marginally higher today and USD/CAD is virtually unchanged from Monday's N. American close. While waiting for the BoC, USD/CAD support is seen at 1.0108 and resistance is up at 1.0160. EUR/CAD support comes in at 1.2440 and resistance is up at 1.2505. M.B.