Upside surprise in Canadian jobs numbers to increase odds of another 50 bps by the BoC – ING Canada Employment USDCAD BOC Banks
“Consensus is centred around a very small 10K increase, and there is a high chance we could see a negative read. This would probably keep markets leaning in favour of a 25 bps rate hike by the BoC next week . However, we see room for some upside surprise today in the jobs numbers and see a higher chance of another 50 bps by the BoC.”
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