“We see a dovish surprise from the Bank of Canada (BoC) meeting this week (Wednesday) as unlikely; Canadian economic data and oil prices are holding up relatively well so the market is unlikely to price in more BoC easing soon.
Canadian inflation data for September will be released at the end of the week
Our BNP Paribas STEER model continues to run a short USDCAD recommendation, targeting a move down to 1.3013″.
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