Here is the EW pattern probable of happening. Would need to look at the progressing pattern to see who is dominating the pattern to call the right trend... The Bank of Canada lowered interest rates today hoping to stimulate the economy. Most of the time, it does. But the most important question everyone should ask is.. "For how long?" Short term or long term, these patterns shown in the chart should show what could occur, so for those concerned about Canada should keep an eye on this.