Bank Of Canada Hikes Rates: Now What?

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Includes: CNDA, EWC, EWCS, FCAN, FLCA, FXC, HEWC, QCAN
by: TD Wealth
Summary

What was notable in the Bank of Canada announcement?

What is the outlook for the loonie?

How many rate hikes might be left for the Bank of Canada?

The Bank of Canada raised its key policy rate, as expected, to 1.50%. Monetary policy remains highly data-dependent given economic growth continues to run above the Bank's projections. Andrew Kelvin, Senior Rates Strategist, TD Securities, talks to Sara D'Elia about how higher rates might impact the loonie and how many hikes from the BoC are expected going forward. Click here for Andrew's previous Bank of Canada interview.