BoC: No change in policy is expected - BBH

Research Team at BBH, suggests that the Bank of Canada is scheduled to meet today and no change in policy is expected. 

Key Quotes

“Policymakers cannot be happy with the 1.6% annualized contraction in Q2, but BOC will look past the short-run disruptions.  For now, steady policy seems likely.  CAD is slightly softer going into the meeting, despite oil being up another 1% today.  A test of the August 18 low in USD/CAD near 1.2765 seems likely if the USD consolidation continues.”