BoC: Cautious hold and oil-linked risks – TD Securities
Ni FXStreet Insights Team
Petsa ng Pag-publish: 18 Mar 2026 | Petsa ng Pag-edit: 18 Mar 2026
Sikat na Artikulo
TD Securities stategists expect the Bank of Canada to keep its overnight rate at 2.25% with a cautious tone, as growth and inflation run below projections. They highlights elevated uncertainty and new inflation risks from the Iran conflict and higher Oil prices.
TD Securities stategists expect the Bank of Canada to keep its overnight rate at 2.25% with a cautious tone, as growth and inflation run below projections. They highlights elevated uncertainty and new inflation risks from the Iran conflict and higher Oil prices. They see Oil volatility as the main near-term driver for Canadian yields.
Policy on hold with risk focus
"We look for the BoC to hold at 2.25% as the statement takes a cautious tone with uncertainty elevated and growth/inflation tracking below BoC projections."
"However, any dovish elements should be balanced by acknowledgment of new risks to inflation."
"Oil volatility should continue to be the main driver for yields in the near-term, with the BoC expected to wait a little longer as uncertainty remains elevated."
"Heading into the meeting, we are biased selling CAN-US 10s and 3s5s swap spread flatteners."
"Markets will remain focused on geopolitics. We expect CAD to outperform its peers (ex-USD), supported by its somewhat positive link to higher oil prices, lower beta to risk-off sentiment, and cleaner positioning."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
