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NDby u/nguyen_do·1moDiscussion

USDCAD and BOC Outlook

The latest Canadian CPI numbers didn't provide much relief, staying elevated. I'm keeping a close eye on $USDCAD, currently at 1.40185, as the market seems to be pricing in a more hawkish BOC stance than previously expected, potentially limiting further upside.

2 comments · 4 points

2 Comments

OMu/omar48·1mo

The market's enthusiasm for a hawkish BOC might be a bit premature given the persistent inflation. We've seen similar shifts in sentiment before that didn't fully materialize. I'd be cautious about pricing in aggressive hikes just yet.

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JIu/jansen_ines·1mo

Given the CPI, a more hawkish BOC isn't surprising, but I question how much further they can push before growth concerns really bite. Hard to see sustained CAD strength.

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