CAD – The Canadian dollar strengthened on Wednesday after the Bank of Canada signaled it could hike interest rates earlier than previously thought and become the first central bank from a G7 country to exit quantitative easing.
Reuters notes that markets now expect the BoC to begin hiking rates as early as March due to the central bank bringing forward its expectations for the output gap to close to Q1/Q2 2022 from H2 2022.
Reuters notes that markets now expect the BoC to begin hiking rates as early as March due to the central bank bringing forward its expectations for the output gap to close to Q1/Q2 2022 from H2 2022.
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