BoC: Near-term projections looking a little optimistic – TDS

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In the face of growing trade protectionism and more interest sensitive households, the BoC delivered a relatively upbeat rate hike and future assessment, notes the research team at TD Securities.

Key Quotes

“With the curve already pricing in gradual tightening and the BoC’s near-term projections looking a little optimistic, we think risk/reward continues to favors USDCAD finding support on the dips with an eye to return to the year-to-date highs in the coming weeks.”

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