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Canadian dollar faces risks from Bank of Canada survey at the bottom of the hour

Canadian dollar faces risks from Bank of Canada survey at the bottom of the hour

The market is pricing in a 70% chance of the Bank of Canada hiking by 25 bps on January 25 with the remainder at no change.

Those numbers will swing after today's BOC business outlook survey and could put the central bank in a tough spot. Recent data on jobs and inflation have been hot but those are backward-looking numbers. The October BOC quarterly survey already showed a slowdown in business conditions.

In addition, short-term inflation expectations and input/output prices fell... Read More

Posted: Jan 16 2023, 15:09
Author Name: forexlive
Views: 111561

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