Andrew Kelvin, senior Canada rates strategist at TD Securities, suggests that they are expecting that even with a decent rebound in Canadian growth, BoC’s overnight rate is likely to remain at 1.75% through all of 2020 in addition to 2019. Key Quotes “We believe Governor Poloz when he says the Bank is data dependent, and experience supports that assertion. Looking at the recent evolution of the data, near-term risks skew decisively towards easing. If the BoC moves in 2019, it is more likely to be a cut.” “As long as risks skew towards rate cuts, front-end rates should remain pinned below overnight. At the same time, we expect modestly higher Treasury yields to put upward pressure on rates in the belly and long-end of the CAD curve later this year. Taken together, those two factors argue for a steeper curve over a 6-12 month horizon.” 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 Brexit: Speaker select second referendum amendment for vote, GBP/USD rises FX Street 4 years Andrew Kelvin, senior Canada rates strategist at TD Securities, suggests that they are expecting that even with a decent rebound in Canadian growth, BoC's overnight rate is likely to remain at 1.75% through all of 2020 in addition to 2019. Key Quotes "We believe Governor Poloz when he says the Bank is data dependent, and experience supports that assertion. Looking at the recent evolution of the data, near-term risks skew decisively towards easing. If the BoC moves in 2019, it is more likely to be a cut." "As long as risks skew towards rate cuts, front-end rates should remain pinned… Regulated 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.
