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Bank of Canada interest-rate-hike expectations for January soar after jobs data
Analysts are updating their interest-rate-hike expectations for the Bank of Canada’s January meeting in light of Friday’s supportive employment data, which sent the Canadian dollar to its highest level since late September. The BOC, which is in the process of normalizing its monetary policy just like the Federal Reserve in the U.S., raised interest rates twice in 2017, causing huge rallies in the Canadian dollar. But Governor Stephen Poloz sounded increasingly dovish in the last quarter of the year. But with Friday’s strong data, the second straight strong reading, strategists are moving to adjust their ... (full story)
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