USD/CAD Outlook: BoC to Raise Rates by 50bps Amid Tight Labor Market

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USD/CAD Outlook: BoC to Raise Rates by 50bps Amid Tight Labor Market

Canada’s economy created 108,300 jobs in the past month, beating forecasts. Markets expect the BoC to raise rates by 50bps in December. Canada’s government spending plan threatens to undo BoC’s efforts in taming inflation. Today’s USD/CAD outlook is bearish. Canada’s government announced a huge increase in employment on Friday, raising the possibility that the Bank … Continued

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