According to trading data, the Canadian dollar is strengthening against the US dollar against the background of lower oil prices and the weakening of the US currency against other major currencies. The current quote of the USD/CAD pair is 1.3253. Last Friday, the Canadian dollar reached the highest intraday level of 1.3233 per US dollar since September 20. The loonie is also supported by expectations of the publication of key statistics on inflation in Canada, scheduled for Wednesday. These data may shed light on the future plans of the Bank of Canada regarding its monetary policy. Inflation statistics will give the markets an idea of how far the Canadian regulator can go in raising interest rates. It is expected that following the meeting on December 7, the central bank will raise the key rate by at least 25 bps, and in the coming months it will be raised to 4.25%-4.50%. According to analysts' forecasts, inflation in Canada may rise from 6.9% to 7.0% in October, which will still force the central bank to continue the rate hike cycle. The yield of Canadian government bonds rose along the entire curve. The yield of 2-year securities rose by 6.3 bps to 3.890%, and 10-year-old – by 1.7 bps to 3.171%.
PAUTAN SEGERA
Hubungi Kami 
