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BOC to remain on hold next week while USDCAD forecasts get dragged down

Following on from the other currency forecasts from Reuters, here's the new loonie numbers

  • 1m 1.38, 3m 1.39, 6m 1.37, 12m 1.35 (prior 1.42, 1.42, 1.40, 1.37)
  • BOC to stay on hold next week
  • Prospects of larger fiscal stimulus reduces odds of another rate cut
  • Another rate cut will increase Canada's high household debt levels
  • Pollsters see a BOC hike to 0.75%in Q4 2017

17/28 say that the CAD will not revisit it's 12 year low again, the rest say it would citing anticipation of further Fed tightening.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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