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January 10, 2025
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Bloomberg: Canada Job Surge Spurs Traders to Pare Rate-Cut Bets

'The data suggest the Canadian economy is beginning to find its footing, Karl Schamotta, chief market strategist at Corpay, said in a report to investors. “But we suspect the Bank of Canada’s dovish stance will remain intact for now, with officials continuing to push rates into neutral territory — and perhaps beyond — as they attempt to build a firewall against further weakness, particularly if Donald Trump follows through on his threats to apply tariffs against Canadian goods,” Schamotta said.' Bloomberg: Canada Job Surge Spurs Traders to Pare Rate-Cut Bets