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MNI BoC Review, Jun-22: Questioning "More Forcefully"

CANADA
  • The Bank of Canada hiked another 50bp to take its overnight rate to 1.5% and delivered a hawkish statement.
  • The inclusion of being prepared to hike “more forcefully” in the statement has thrown up questions on the exact sequencing that this might imply.
  • Dep Gov Beaudry’s Economic Progress Report today becomes particularly important. His remarks will be published 1045ET before the event starts 1100ET with Beaudry speaking at ~1110ET. There will be Q&A for event attendees at 1135ET with media availability following at ~1215ET.
Full report here including views of 10 sellside analysts: https://marketnews.com/mni-boc-review-jun-22-questioning-more-forcefully

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