Errbody and their mommas expect the Bank of Canada (BOC) to chop its rates of interest by one other 50bps in December!
Our Event Guide for BOC’s December Decision points out that central bank members seem committed to a different outsized rate cut despite improvements seen in Canada’s inflation and labor market prospects.
While the choice could have already been priced in CAD’s current prices, dovish hints in BOC’s press conference could lead on to further losses for the Loonie.
Listed here are EUR/CAD and CAD/CHF’s setups in case you’re expecting the Canadian dollar to lose more pips after BOC’s event!
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