Just to give you a heads up on the Canadian Quantative Easing programme. We should hear the details at 2.30 GMT with a press conference due 45 minutes later. They are due to announce the plans, but the market will be keen to find out when they will actually come into force. The central assumption is that it will start taking place at or before the next BOC meeting on June 4th, with the market looking for around C$4o billion in balance sheet expansion. Earlier Retail Sales came in a bit better than expected up 0.6 % ex Auto’s in February. Usd/Cad has very good support at 1.2325, while to the upside 1.2420 is the target.