Bank of Canada preview

Ian and Andrew discuss their expectations for the Bank of Canada interest rate decision next week. The duo walk through the reasons why the Bank will need to hike by another 75.0bps next week, and look at the most likely path of short-rates over the rest of the year. Ian talks about his favorite trades going into the release, noting that the forward expectations for BoC policy are too flat. Andrew spends some time detailing his expectation of forecast changes in the MPR, while the pair spend time talking about the impact that a weaker Canadian dollar has on both CPI and the stance of policy.