- The big news out of the Bank of Canada's meeting this week may not be another rate hike but the potential that the central bank removes guidance that future increases will be gradual, says CBA
Market news
22 October 2018
The big news out of the Bank of Canada's meeting this week may not be another rate hike but the potential that the central bank removes guidance that future increases will be gradual, says CBA
That could help the loonie outperform near-term if that phrase is dropped. Canada's economy is operating close to capacity, and downside risk has been reduced following the new North America trade pact.
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