AUD/CAD has broken to its highest level since early 2021, powered by a significant hawkish repricing of the RBA rate outlook, the opposite to what's been seen in Canada, along with strong gains in industrial commodities.
Bank of Canada to deliver a hold with a clear indication that rates will be moving higher in future meetings, contingent on a benign growth path."
"We do not see the urgency to hike in October, but we don't expect rates to remain at 2.25% for much longer. We are pulling forward the hikes in our forecast from Jan/Mar to Dec/Jan,
Bank of Canada to deliver a hold with a clear indication that rates will be moving higher in future meetings, contingent on a benign growth path."
"We do not see the urgency to hike in October, but we don't expect rates to remain at 2.25% for much longer. We are pulling forward the hikes in our forecast from Jan/Mar to Dec/Jan,
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