COMMENT-BoC June cut at a 50/50 call raises CA CPI importance
The upcoming Canadian inflation report will be more important than usual given that market pricing for a June rate cut by the Bank of Canada is largely a 50/50 call (0#BOCWATCH). In turn, the Canadian dollar's sensitivity to the data will be heightened. Last week, BoC Governor Tiff Macklem put a Ju…
The upcoming Canadian inflation report will be more important than usual given that market pricing for a June rate cut by the Bank of Canada is largely a 50/50 call (0#BOCWATCH). In turn, the Canadian dollar's sensitivity to the data will be heightened. Last week, BoC Governor Tiff Macklem put a Ju…
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