Bank of Canada decision is coming up
Oil is down another 2% today to $27.84 and with Canadian oil still trading at a $14 discount, it doesn't take a PhD in mathematics to recognize that oil companies in Canada aren't making money.
The Canadian dollar is lower for the fourteenth consecutive day today and the best argument for the BOC holding is that the fall in the currency has gone too far, too fast.
Here is a video preview of the decision, which is due at the top of the hour, followed by a press conference 75 minutes later.
