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- Societe Generale about Bank of Canada and USD/CAD
Societe Generale about Bank of Canada and USD/CAD
The Bank of Canada is widely expected to keep the interest rate unchanged at 1.25% on Wednesday, but USD/CAD could still rise higher than 1.3125 in the future, according to Societe Generale. "The prevailing uncertainties surrounding NAFTA and the housing market are clouding the near-term outlook," but "the overnight index-swaps curve is pricing up to two rate increases this year," says the bank. USD/CAD is down 0.2% at 1.2988. "For EUR/CAD, key support below 1.50 lies at 1.4818," SocGen says. EUR/CAD is up by 0.4% at 1.5081. The BOC decision is due at 1400 GMT
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