Free Trial
AUDUSD TECHS

Fresh Cycle Low

US TSY FUTURES

BLOCK, Large 5Y Buy

EURJPY TECHS

Clears Key Supports

STIR FUTURES

2H22 Fed Hike Expectations Taking The Brunt

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CANADA

RBC:RBC anticipates liftoff in April, 2022 and expect the BoC to reiterate, "barring significant further disruptions from the new virus variant, the economy is on track to fully recover by mid- 2022."

  • Conditions in the economy have unfolded broadly in line with the central bank’s expectations, with labour markets continuing to improve and inflation running well above the central bank’s target albeit at rates broadly in line with previous projections.
Scotiabank: Steady at 0.25 for now, Scotiabank will be listening carefully to Deputy Governor Toni Gravelle's economic progress report on Thursday.
  • "Perhaps exit guidance will once again be Gravelle’s focus this time around, in which case I would watch for refreshed guidance on reinvestment and maybe asset sales."
  • As for the statement and Gravelle’s broader guidance, the best course of action for the BoC is likely to play it safe in a short and sweet statement that defers deeper thoughts to the next meeting on January 26th 2022 which will be a full meeting including a Monetary Policy Report containing fresh forecasts.
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.