Two of the 12 Canadian banks that deal directly with the BOC (Deutsche Bank and Laurentian Bank) pushed back forecasts for rate hikes following today’s BOC decision and one is currently reviewing its forecast, according to Reuters.
The median forecast is now for a hike in Q1 2014 and estimates range from Q3 of this year to July 2014.
USD/CAD has been quiet since the rally that followed the decision and is consolidating just below parity.
