Canada may print sticky high or higher price pressures in October, which could ease the pressure on the Bank of Canada (BOC) to keep on cutting its interest rates.
Our Event Guide for Canada’s October CPI Reports points to rising wage growth and seasonal activity potentially keeping inflation sticky high for the month.
If true, BOC – which recently shifted focus from actively pursuing lower inflation to “sticking the landing” on inflation – would have fewer reasons to cut its rates another time this year.
Here’s why CAD/CHF and EUR/CAD are looking good in the case of Loonie strength:
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