Analysts note the positive tone of the report the Bank of Canada

According to analysts TD Securities, the Bank of Canada report on monetary policy is not presented special surprises, and simply became a supplement to the statement made on Tuesday. However, the bank noted that it was impossible to overlook the overall tone of the report, which was more positive than just a few months ago. And coupled with the persistence of interest rates at current levels, it seems that everything is going to slow but eventual recovery. BMO Capital Analysts also note the positive tone of the report the Bank of Canada, which, of course, led to a sharp strengthening of the Canadian dollar. In addition, support for the currency has had a price increase in the stock and commodity markets and rising consumer confidence. As a result, the Canadian dollar reached a seven-peak relative to the U.S. currency, reaching 1.0850. Now a pair of dollar / Canada is traded at around 1.0870.