A Reuters poll is showing:
19 of 29 economists see the Bank of Canada cut rates by 50 basis points to 3.75% at their October 23 meeting10 of 29 economists see a 25 basis point cut to 4.0%
By the end of 2024
10 of 29 economists see the rate at 3.5%9 of 29 see 3.75%, 9 of 29 see 3.25% and 1 of 29 see 4.0%
The USDCAD is trading higher today after falling the last two trading days into support at 1.37449.
This article was written by Greg Michalowski at www.forexlive.com.
