Quote:
Originally Posted by The Fonz
Purely my opinion - I think the BoC would like to ease back on the increases going forward, but now we’re just along for the ride with the Fed. They increased by 75bps yesterday? BoC will now need to increase by 75bps on October 26th, otherwise we risk/expect a further weakening CAD, which = increasing inflation.
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Well it's interesting because the BoC has been ahead of the Fed through this process. The CAD and it's "under-performance" is really only against the USD, which is more of a flight to safety than anything else. Against other currencies though, the CAD has been quite strong in 2022.