16 of the 17 economists who took part in a Reuters poll said they expect the Bank of Canada (BoC) to reduce asset purchases again in the next quarter.
Furthermore, the survey consensus revealed that the BoC is expected to increase its policy rate by a total of 25 basis points to 0.5% in the fourth quarter of 2022.
56% of the participants see it as a probable scenario that the BoC starts raising rates before the US Federal Reserve.
Market reaction
The pair USD / CAD It did not show an immediate reaction to this poll and was last seen losing 0.2% on the day at 1.2048.
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