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CIBC now sees the Bank of Canada hiking 25 basis points this month

CIBC now sees the Bank of Canada hiking 25 basis points this month

Today's jobs report showed the Canadian economy adding 104K jobs in December, far more than the 5K consensus.

That follows a strong November CPI report and has the OIS market pricing in a 72% chance of another 25 bps hike at the January 25 meeting. CIBC shifted its call to a 25 bps hike after the data.

"The Canadian labour market remains much stronger than expected and (so far) apparently resilient to rapidly rising interest rates. While strong hiring at least partly reflects com... Read More

Posted: Jan 6 2023, 19:40
Author Name: forexlive
Views: 110749

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