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via fxstreet.comEconomy

Canadian Dollar: BoC rate hike bets boost support against USD - BBH

FROM THE WIRE · FXSTREET.COM

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Canada (BoC) to begin a new tightening cycle with a 25bps hike to 2.50%, citing rising inflation risks.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishExpectations of a Bank of Canada rate hike can support the Canadian dollar against the US dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BBH expects the Bank of Canada to begin a new tightening cycle.
  2. 02The scenario envisages a 25bps hike to 2.50%.
  3. 03The call is citing rising inflation risks.

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