Forex Dictionary

BOC Governor Carney Speaks

BOC Governor Carney Speaks

Bank of Canada (BOC) Governor Mark Carney, along with Senior Deputy Governor Paul Jenkins, will testify before the Standing Senate Committee on Banking, Trade and Commerce, in Ottawa. As head of the central bank's governing body, which is responsible for setting the nation's short term interest rate, his speeches can sometimes cause market volatility as traders react to clues regarding future monetary policy.