According to Action Economics, which summarizes market sentiment, the market widely expects the “BoC to keep the 0.25% rate floor in place and maintain the conditional commitment to keep the floor through June of 2010.”
June 2010 is a long time away though, and a lot can happen by then. If short-term rates start rising unexpectedly (check in on this chart of 1-year notes occasionally), it could be a clue that prime will climb before next June. No one expects this anytime soon, however.
Like news like this?
Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime.
Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.