Canadian Dollar Could Fall as BoC Rate Hikes Unlikely
Monex Europe analysts say the Bank of Canada is unlikely to raise rates again in December after lifting them by 25 basis points to 2.5% on Wednesday. LSEG data show markets price a 44% chance of another December increase.
The Canadian dollar looks vulnerable as the Bank of Canada is unlikely to raise interest rates again in December after lifting rates 25 basis points to 2.5% on Wednesday, Monex Europe analysts say in a note. The market prices a 44% chance of another rate increase in December, LSEG data show. "Back…