CAD – The Canadian dollar strengthened on Tuesday as investors raised bets on another oversized interest rate hike by the Bank of Canada next month after CPI data showed rising underlying inflation pressures.
Reuters notes “money markets were pricing in 59 basis points of tightening by the central bank at its next policy announcement on Sept. 7, up from 53 basis points before the data.”
Reuters notes “money markets were pricing in 59 basis points of tightening by the central bank at its next policy announcement on Sept. 7, up from 53 basis points before the data.”
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