Loonie lower as oil prices pare earlier gains
Overnight Index Swaps eye BOC's next move as a rate cut in H2 2024
Fed funds futures see a 31% chance of a rate by the January 31st FOMC meeting
The US dollar is rallying against the Canadian dollar as the odds of one more rate hike seem more likely with the Fed than with the BOC. After the BOC's October 25th meeting, traders appear convinced that the bank is done raising rates. Today's impressive US economic data showed core PCE came in a little
Oct 27, 2023
by Edward Moya
