Don’t miss this month’s edition of the George Davis Report, where George discusses outcomes for the September Bank of Canada meeting and implications for the Canadian dollar. Watch the video now.
What you need to know:
Recent Canadian economic data has shown signs of softness as trade uncertainty persists.
This has caused a shift in market pricing for interest rate expectations ahead of the Bank of Canada policy meeting on September 17.
RBC’s call since June has been for the BoC to keep interest rates unchanged amidst sticky inflation readings and a central bank that has been on hold since March.
With the next batch of inflation data released the day before the BoC meeting, will growth concerns trump inflation levels in the BoC’s deliberations?
We discuss potential outcomes and their impact on the Canadian dollar.
For the trading range:
USD/CAD
Buyers
1.3500/1.3600
Sellers
1.3900/1.4000
