The Canadian dollar weakened versus the U.S. dollar on Monday as Canadian inflation eased, trimming expectations for additional Bank of Canada rate hikes this year. The move signals the market is recalibrating the near-term BoC path after the domestic inflation data release, though no specific rate change was announced.
The Canadian dollar weakened versus the U.S. dollar on Monday as Canadian inflation eased, trimming expectations for additional Bank of Canada rate hikes this year. The move signals the market is recalibrating the near-term BoC path after the domestic inflation data release, though no specific rate change was announced.
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neutral
Sentiment Score
0.05
