The market is pricing in a 78% chance of a Bank of Canada rate hike
USD/CAD — All Desk Targets
26 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bullish | 1.36 |
ING | Bearish | 1.42 |
MUFG | Bullish | 1.34 |
All 26 desk targets for USD/CAD
From the original
The Bank of Canada rate decision is due at 9:45 am ET and it's an uncertain one. The market shifted aggressively hawkish after comments from Macklem at the IMF meetings. That now has the market pricing in a 78% chance of a hike today and 31 bps of hikes before year end. That rise
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