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Investors slash Bank of Canada rate hike bets as Poloz frets on oil

From reuters.com

Expectations for more interest rate hikes in Canada tumbled on Thursday after Bank of Canada Governor Stephen Poloz said the central bank would need to assess the impact of lower oil prices and as a new threat emerged to U.S.-China trade relations. Chances of an interest rate hike at the Bank of Canada’s next meeting in January slumped to 10 percent from about 60 percent before an interest announcement on Wednesday, when the central bank left its benchmark interest rate on hold at 1.75 percent and was more dovish than some investors expected. On Thursday, Poloz said the central bank would need to understand the ... (full story)

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