💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▼ NegativeMonetaryrelevance
Bank of Canada expected to hold rates at 2.25%, supporting Canadian dollar
Impact on assets 1
Others
ING’s Francesco Pesole expects the Bank of Canada to keep rates at 2.25%, with limited incentive to push back against modest December tightening pricing. He sees June CPI potentially falling below 3.0% as petrol prices drop, while core remains near 2.0%.
Bank of Canada expected to hold rates at 2.25%, supporting Canadian dollar