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Analysts at TD Securities expect the Bank of Canada to lift rates by 25 bps, in line with most forecasters.

Key Quotes

“The Bank should reiterate that hikes will be gradual and guided by incoming data, but we do not expect any other forward guidance.”

“Forecasts for GDP or CPI should be stable, as Poloz stated that they will only incorporate announced tariffs (not threatened ones).”

“We think that much of the good news is priced in and will look to use any dips as buying opportunities ahead of 1.30.”