Technically, it points to a move to 1.60%, which would mean further Canadian dollar strength.
The OIS market is pricing a 50.8% chance the 1.00% BOC rate will be unchanged at year-end, with a 37.1% chance of 1.25% and 10.5% chance of 1.50%.
Technically, it points to a move to 1.60%, which would mean further Canadian dollar strength.
The OIS market is pricing a 50.8% chance the 1.00% BOC rate will be unchanged at year-end, with a 37.1% chance of 1.25% and 10.5% chance of 1.50%.