By James Knightley, Chief International Economist and Francesco Pesole, FX Strategist
We're not expecting the Bank of Canada to follow the Fed with rate cuts just yet. The labour market is stronger than expected, inflation is broadly on target and rates are already lower than in the US. And that will add to further CAD momentum. However, there are some signs of weakness, and a December rate cut can't be ruled out.
Times have changed
It's amazing how quickly things can change. At the last Bank of Canada policy meeting in September, the committee decided