Canadian dollar near 10-month high
Bank of Canada Governor Stephen Poloz told a German newspaper that Canada's inflation should be well into an uptrend by the first half of 2018, adding that policy normalization must begin before price growth hits its target.
His comments prompted markets to price in a more than 50 percent chance of a rate hike at the central bank's next meeting on July 12, a dramatic turn from less than two weeks ago when barely anyone had bet on a tightening
Bank of Canada Governor Stephen Poloz told a German newspaper that Canada's inflation should be well into an uptrend by the first half of 2018, adding that policy normalization must begin before price growth hits its target.
His comments prompted markets to price in a more than 50 percent chance of a rate hike at the central bank's next meeting on July 12, a dramatic turn from less than two weeks ago when barely anyone had bet on a tightening
