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Economists largely don't see the Bank of Canada shifting from 4.50% this year
The Canadian market briefly flirted with another Bank of Canada rate hike next week but last week both Canadian retail sales and CPI were below expectations. That has economists more comfortable that higher interest rates are biting the over-leveraged Canadian economy and frothy housing market.
The poll from Reuters of 32 economists is unanimous in seeing no change at the March 8 meeting and that aligns with market pricing at 98%. However markets see another 25 bps coming around mid-yea... Read More
Posted: Mar 3 2023, 15:28
Author Name: forexlive
Views: 082258