Will Canada’s CPI data rescue the wounded loonie? – Preview
Posted on March 15, 2024 at 1:39 pm GMTBoC sounds less dovish than expected Investors pencil in a first 25bps cut in July Canada’s CPI numbers could affect market expectations The data is scheduled for Tuesday at 12:30 GMT Will the BoC cut interest rates after the Fed? At its latest gathering on March 6, the Bank of Canada (BoC) decided to keep interest rates unchanged at 5% as expected, but the statement accompanying the decision and Governor Tiff Macklem himself signaled concerns about high underlying price pressures, [..]