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We expect GF to trend upwards today with a 72.73% chance.

Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GF to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect GF to trend upwards 12 hours following the event release at 09 Jun 14:00 if the released value is = 0.25%. A price movement of 1,410 pips is expected.

Historical events that allowed us to draw this conclusion

10 Mar 15:00
20 Jan 15:00
09 Dec 15:00
28 Oct 14:00
09 Sep 14:00
15 Jul 14:00
03 Jun 14:00
15 Apr 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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