There is universal anticipation that the Bank of Canada (BoC) will reduce its policy rate by 25 bps at its upcoming gathering on Wednesday, June 5. It will be the first rate cut after six consecutive meetings of keeping rates unchanged at 5.00%. Since the start of the year, the Canadian Dollar (CAD) has been gradually depreciating against its US counterpart (USD), though it has mostly been in a broader consolidation phase for the last couple of months. In April, annual domestic inflation tracked by the headline Consumer Price Index (CPI) showed another downtick, while the BoC's Core CPI dropped below the 2.0% ... (full story)