Bank of Canada wants higher rates and a lower loonie
Bank of Canada Governor Poloz speaks on Wednesday and the market has very little guidance on what he's thinking about doing to interest rates next.
I spoke to Reuters about what's next.
"The urgency conveyed by the bank's back-to-back rate hikes suggested the bank may believe it is behind the curve on tackling inflation, said Adam Button, currency analyst at ForexLive. If it signals that concern, the currency is likely to rise further as markets price in more rate hikes."
