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Summary Of Analyst Views Ahead Of BoC Decision

CANADA
  • Among Canada's five major commercial banks, two see a hike whilst three look for no change but in a close call.
  • Whilst the added sensitivity to data dependency at this stage of the cycle muddies terminal rate expectations, GS and TD currently stand out on the hawkish side with their call for two hikes to an overnight rate of 5%, whilst ING and Wells Fargo sit on the dovish side looking for rates to hold at 4.5% ahead.
  • Taken from full MNI Preview, found here: https://marketnews.com/mni-boc-preview-jun-23-a-decision-to-hike-now-or-in-july

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