BMO said it expects the Bank of Canada to raise rates by 25 basis points next week.
FinancialJuice10/19, 11:30 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CAD
Would push up
DaysMedium confidence
A delivered 25bps BoC hike would narrow the rate gap with the US, supporting CAD.
What could change this
A softer Canadian inflation print (3.1% vs. 3.2% forecast) could reduce the urgency for a hike.
USD/CAD before and after this story
1.4006-0.02%vs previous close
-0.58%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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