A number of changes in recent Bank of Canada Interest Rate Announcements lead us to believe there is a greater chance of a policy rate hike than the market currently expects. We think there is a 75% chance of a rate hike by October. The market is pricing “no policy action” over the next twelve months. If our rate call is correct, the Canadian dollar could benefit over the next 3-6 months.
To see our complete analysis, click here:Canada to Hike iHarborcap 09 2011
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