With the news and after seeing this, I think so
TORONTO (Reuters) - Investors, looking past the COVID-19 pandemic, are betting that the Bank of Canada could be among the first major central banks to hike interest rates, signaling new governor Tiff Macklem's success so far convincing the market not to expect negative rates. Money market data shows investors have moved away from pricing in additional easing by the Bank of Canada and instead see a steady profile for rates this year and next, with about a 50% chance of a rate hike in 2022. . The Federal Reserve, which has been pressured by U.S. President Donald Trump to cut rates below zero, is not expected by money markets to hike until at least 2023. "The Bank of Canada has done a better job than some other central banks of quashing speculation around further rate cuts," said Andrew Kelvin, chief Canada strategist at TD Securities.
Around TP 1.31
TORONTO (Reuters) - Investors, looking past the COVID-19 pandemic, are betting that the Bank of Canada could be among the first major central banks to hike interest rates, signaling new governor Tiff Macklem's success so far convincing the market not to expect negative rates. Money market data shows investors have moved away from pricing in additional easing by the Bank of Canada and instead see a steady profile for rates this year and next, with about a 50% chance of a rate hike in 2022. . The Federal Reserve, which has been pressured by U.S. President Donald Trump to cut rates below zero, is not expected by money markets to hike until at least 2023. "The Bank of Canada has done a better job than some other central banks of quashing speculation around further rate cuts," said Andrew Kelvin, chief Canada strategist at TD Securities.
Around TP 1.31