Analysts at TD Securities explained that the odds of a July rate hike by the Bank of Canada are now essentially a coin flip after sitting at nearly 80% in mid-June. Key Quotes: “Lower rate expectations are due in part to an escalation in trade uncertainty and some disappointment on the data front. Despite this, our view for a July hike remains unchanged, consistent with incoming data and past BoC communications as detailed below.” “However, we flag several factors that can derail a rate hike scenario, the first being Governor Poloz’s speech on 27 June. The second is further action on the trade front, and third is incoming data, notably April GDP.” “We therefore outline what to watch in Poloz’s communications as well as on trade policy and incoming data. A return to cautious messaging is key to monitor while we see a higher bar for trade risks and a deterioration in business sentiment and economic data to derail rate hike expectations. Overall, we look for developments going forward to push July rate hike odds higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Kaplan: Confronting threat from China on technology is appropriate FX Street 3 years Analysts at TD Securities explained that the odds of a July rate hike by the Bank of Canada are now essentially a coin flip after sitting at nearly 80% in mid-June. Key Quotes: "Lower rate expectations are due in part to an escalation in trade uncertainty and some disappointment on the data front. Despite this, our view for a July hike remains unchanged, consistent with incoming data and past BoC communications as detailed below." "However, we flag several factors that can derail a rate hike scenario, the first being Governor Poloz's speech on 27 June. The second is further… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
