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Mohammed Abdullah

Canadian Interest Rates


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No, a CAD interest rate cut has not yet been fully priced in. however, after the last statement from their January rate meeting we have seen the Canadian dollar fall in value. They hinted that a future rate cut could be on the cards, which is in contrast to previous statements we have seen. 

I believe their tone has changed due to China's oil demand falling and the drop in oil prices having an effect on Canada's economy due to them being a heavy exporter of oil. 

This means they could cut in the near future, so while traders and investors will be pricing in a chance of a cut, they won't have priced in a nailed on cut in the near future.

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