Posthaste: The loonie is soaring above forecasts and after Wednesday could fly even higher
Hawk or dove?
Money markets now see the first rate increase by April and nearly 100 basis points of tightening in total next year, up from 35 basis points in September. But there are reasons for the Bank of Canada to be patient too, says BofA. High oil prices and supply shocks that are fuelling inflation will pass, and “many uncertainties remain.”
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