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Bank of Canada governor Stephen Poloz has not favoured a strong CAD and interesting market moves may be afoot, says Saxo’s Global Macro Strategist Kay Van-Petersen.

While the BoC meets on Wednesday, long loonie positioning is at four-year-highs and Van-Petersen says the central bank has indicated it could make rate cuts. 

He also notes meetings for the Central Bank of Malaysia and the National Bank of Ukraine, both scheduled for Thursday.