Bank of Canada continues to see good reasons to believe foreign demand will pick up

Here’s one — the Fed will print forever.

Other new headlines from Poloz and Macklem:

• Poloz says inflation posing a very low level threat
• Minimal risk of an overshoot on core inflation
• Asked about CAD, said BOC’s only focus is inflation
• BOC has decided to no longer have explicit bias toward higher rates due to persistently low inflation

These headlines are giving USD/CAD traders a reason to hop on the USD bandwagon.