OTTAWA — The Bank of Canada is not expected to move interest rates higher or lower today when it announces its trend-setting rate.

But economists say central bank governor Stephen Poloz could say something that affects the value of the Canadian dollar.

The loonie has been drifting lower for days, dropping to below 94 cents this week.

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At least one analyst, Bank of Montreal chief economist Doug Porter, says Poloz may issue a statement that suggests the weakness of the currency is not unwelcome.

The banks policy rate has stood at one per cent since September 2010.