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JMby u/johnson_marcus·8hDiscussion

CAD strength despite BOC dovishness?

Been watching the $CAD carefully since the BOC's hold. Everyone expected a hawkish hold, but the language was surprisingly dovish. Yet, here we are, $CAD at 95.879, showing surprising resilience. Is the market seeing something beyond the immediate rate rhetoric? Maybe the oil rebound is providing a stronger floor than I initially factored, or perhaps the 'hawkish hold' was already priced in so tightly that any slight deviation just allowed for short covering. Curious what others are thinking about this disconnect. Still keeping a close eye on any further data out of Canada that might give a clearer signal for next week's open.

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