Commentary from the BOC provided a minimal rally yesterday afternoon as the centralbank tried to convince the trade they were in neutral with respect to policy. BOC officials think the Canadianeconomy will garner some lift from recovery in the US, but the recovery pace in the US economy has beensuspect at times recently. The Canadian is vulnerable to more selling especially if military action in Ukraineescalates directly ahead. Long term buyers probably need to wait for a return to 90.00 to buy for a position play.
