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Bank of Canada survey higlights the expected end of rate hikes

The Bank of Canada today released its Q2 survey of market participants and this was the most-notable question. It indicated that the BOC's latest rate hike to 5% will be the last and that the 24% chance of a hike priced in for September will dwindle.The gradual return to 2.50% should also be relief for home owners on variable rate mortgages and set the stage for a mid-decade improvement in the economy. Comparatively, Canada is also looking good with consensus GDP forecasts (for whatever they're... Read More

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Posted: Jul 24 2023, 14:52

Author Name: forexlive

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