Bank Of Canada Preview: Still On Course For 4 Rate Hikes

Dec. 07, 2021 10:24 AM ET, , , ,
ING Economic and Financial Analysis
4.54K Followers

Summary

  • Omicron's emergence will mean the BoC will tread carefully.
  • However, strong growth, a booming jobs market and bubbling inflation pressures suggest we remain on course for four rate hikes in 2022.
  • We expect only a limited impact on CAD, which should remain almost solely driven by external factors, at least for now.

Canada Economy Improves and Returns to Normal After Crisis

ronniechua/iStock via Getty Images

By James Knightley and Francesco Pesole

BoC to tread carefully on Omicron emergence

After the Bank of Canada's October’s announcement that it would immediately end QE and move forward guidance for the timing of the

This article was written by

ING Economic and Financial Analysis
4.54K Followers
From Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.

Recommended For You

Related Stocks

SymbolLast Price% Chg
FXC--
Invesco CurrencyShares® Canadian Dollar Trust ETF
EWC--
iShares MSCI Canada ETF
HEWC--
iShares Currency Hedged MSCI Canada ETF
FLCA--
Franklin FTSE Canada ETF
BBCA--
JPMorgan BetaBuilders Canada ETF
Compare

Related Analysis

Trending Analysis

Trending News