The Bank of Canada announces its interest rate decision and monetary policy report on Wednesday; a combination that could include triggers to send the Canadian dollar higher.
The Bank of Canada announces its interest rate decision and monetary policy report on Wednesday; a combination that could include triggers to send the Canadian dollar higher. In that case, CIBC says sell it. With non-energy exports a key factor in growth for the BoC and that sector needing a lower loonie CIBC’s chief economist Avery Shenfield says that it would be better to sell if the currency increases rather than bet on short-rate futures.
