We got a bit of an upward push because of the weakness in equities, a bit of reversal from what we saw yesterday.
More Quotes from Mark Chandler:
The Bank of Canada still has a constructive view on economic growth. They may be likely to raise interest rates more.Mark Chandler
You have firm inflation. The Bank of Canada has to continue tightening to keep it in check. Clearly it makes 4.25 percent more likely than 4 percent.
Mark Chandler
The Canadian dollar still gets support from oil prices. There is still room for the currency to improve.
Mark Chandler
The simple fact that the trade sector has ceased to be a significant drag on growth will be enough to convince the Bank of Canada to move on September 7 (and beyond).
Mark Chandler
Usually Canadian data doesn't mean that much but we were so close to testing the previous (dollarCanada) lows that when we got better productivity numbers it gave the market a push.
Mark Chandler
The Bank of Canada may raise the rate to 4 percent and pause. Initial reaction is a weaker Canadian dollar.
Mark Chandler
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