The Canadian dollar was beaten by Poloz. He is preoccupied with low inflation and the pace of rate hikes is set to slow down. And when will it come? Here is their view, courtesy of eFXnews: CIBC Research comments on today’s speech by BoC Governor Poloz. “In a speech to a St John’s audience, the BoC head highlighted that he’s aiming to proceed “cautiously” with more hikes, despite what’s been more aggressive pricing from the market and what was perceived as a hawkish September statement. That’s because household debt levels “amplify” the impact of the tightening he’s already introduced, while the strengthening C$ “complicates” the inflation outlook. …All told, the majority of the speech confirms our assumptions that tightening from the Bank of Canada will be a gradual affair from here, with our estimate being that the next move will have a 2018 time stamp. Bearish for the C$ which we see weakening by a few more cents (see here) by the end of this year, and bullish for the front end of the Canadian curve,” CIBC argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD: Poor Price Action S/T But Weekly Bullish Setup Yohay Elam 4 years The Canadian dollar was beaten by Poloz. He is preoccupied with low inflation and the pace of rate hikes is set to slow down. And when will it come? Here is their view, courtesy of eFXnews: CIBC Research comments on today's speech by BoC Governor Poloz. "In a speech to a St John's audience, the BoC head highlighted that he's aiming to proceed "cautiously" with more hikes, despite what's been more aggressive pricing from the market and what was perceived as a hawkish September statement. That's because household debt levels "amplify" the impact of the tightening he's already introduced, while… 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.