Bank of Canada to bring rates into restrictive territory next week – TD Securities

Bank of Canada to bring rates into restrictive territory next week – TD Securities – by MSalordFX Canada Banks USDCAD

rities look for the BoC to deliver a 75 basis point hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI running well above target and the economy in excess demand. The BoC's messaging will be the larger source of uncertainty; we expect the Bank to emphasize that rates are now restrictive and signal that future hikes will be more modest in size., and we see a clear path for the BoC to hike by 75bps in September.

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