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Bloomberg Survey Sees First BoC Cut In June, OIS Tilting To July

CANADA
  • Today’s Bloomberg survey of analysts shows a median view of a first BoC cut in June but a non-trivial share looking for a later starting point.
  • BoC-dated CORRA OIS has the first cut fully priced for July with a little more than 15bp of cumulative cuts priced for Jun.
  • The survey was collected through Feb 16-22.

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