Well looks like the economy is on fire - who here is expecting another rate increase very soon?
I am ... and looks like many others are also. Canadian dollar is at 3 month high in anticipation of rate increase. The question is not where rates are going but how fast and how high. Hope everyone is prepared
On the contrary. With $Cdn flying, the BOC will need to lower interest rates to bring the currency down before it effects exports. I think .80 would be Ok, but if we're above .82 by BOC rate announcement time I think it'll stay at current.