Weekly Market Insight - October 15, 2010

Markets have come around to our long-held view that the Bank of Canada will be forced to the sidelines by tepid economic growth, a strong Canadian dollar, and below-target inflation. That will make the week ahead’s interest rate decision anti-climactic, leaving the real news in the accompanying statement, and the more detailed account of the monetary policy report. But even there, it’s mostly what’s not said that will count the most.