BoC’s Macklem speech: There are some reasons to believe that the neutral interest rate is higher

The Bank of Canada (BoC) Governor Tim Macklem said on late Thursday that there are some reasons to believe that the neutral interest rate is more likely higher than lower.

Market reaction

The comments above has little to no impact on the Canadian Dollar. The USD/CAD pair is trading lower on the day at 1.3847, as of writing.