The March 8 BOC statement was on the hawkish side with better growth and higher inflation cited but no hint at any changes in the 1.00% overnight rate.
Carney hasn’t spoken since Feb 28, when he said current interest rates offer “a degree of stimulus appropriate to an environment where the Canadian economy faces considerable external headwinds.”
The topic of the speech is “exporting in a post-crisis world” so the comments will certainly pertain to CAD. The text will be released at 1615 GMT. He will be taking media questions at approximately 1800 GMT. I can’t envision Carney moving away from a ‘wait-and-see’ approach but there is a small chance that he’s hawkish.