Forex News: Canada Monetary Policy Report comes out.

The Canada Monetary Policy report was largely on the neutral side.  However, Carney warns about expecting cuts in the future.  The Canadian dollar has got a bid to it as a result (USDCAD declines):

• U.S. GROWTH TO PICK UP GRADUALLY THROUGH 2009
• U.S. WOES HAVE DIRECT CONSEQUENCES FOR CANADA
• BUSINESS INVESTMENT, CONSUMER SPENDING MODERATING
• CANADA PREDICTS TIGHT CREDIT CONDITIONS UNTIL 2010
• CREDIT SHORTAGES TO BEGIN TO DISSIPATE IN 2009
• ECONOMY IN EXCESS SUPPLY IN Q2, BALANCE BY MID-`10
• CREDIT MORE AVAILABLE IN CANADA THAN OTHER MARKETS
• CANADA SAYS TRADE WILL SHAVE 2.4% OFF `08 GDP GROWTH
• CANADA ECONOMY JUST ABOVE CAPACITY LAST QUARTER
• CORE, TOTAL CPI REACHING 2% IN `10; RISKS BALANCED
• CANADA CUTS `09 GROWTH FORECAST TO 2.4% FROM 2.8%
• INFLATION BELOW TARGET IN `08 ON CAR PRICES
• UNDERLYING TREND OF INFLATION IS ABOUT 2%
• CANADA FORECASTS ECONOMIC GROWTH OF 3.3% IN 2010
• GROWTH TO DECLINE MARGINALLY IN 1ST HALF `08
• CANADA SLASHES Q2 GROWTH FORECAST TO 0.3% FROM 2%
• CANADA CUTS `08 GROWTH FORECAST TO 1.4% FROM 1.8%
•  SAYS DOMESTIC DEMAND TO STAY KEY SOURCE OF CANADA GROWTH
• PREDICTS DEEPER AND MORE PROTRACTED SLOWDOWN IN U.S.