Bank of Canada Deputy Governor Timothy Lane said on Wednesday that it was quite likely that the central bank will be "saying something" about quantitative tightening at its next policy meeting in March. Lane added that while the BoC does not have to move in step with the Fed on rate hikes, what the Fed does certainly has a big impact on the economic conditions in which the BoC makes its own decisions. If the trucker's blockade is to persist, it might have an impact on the broader Canadian economy, Lane said, saying that he hopes the blockade won't last long. 

Market Reaction

There has not been any reaction to the latest comments from Lane, with FX markets instead focused on the Fed minutes.