Did the Bank of Canada Just Waive the White Flag? – The Loonie Hour #055

The Bank of Canada hiked a dovish 50bps this week, contrary to market expectations for a larger move. Is the Bank of Canada the first to throw in the towel? What are the implications for the Loonie? Meanwhile, new home sales are tanking in Canada, falling more than 90% in Toronto. Financial stability risks are increasing as we await another jumbo hike from the US Fed next week.

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