We will definitely see another rate hike next month. The Bank of Canada is somewhat concerned about the economy growing at full capacity. If economic fundamentals continue to be good, the Canadian dollar will continue to appreciate.
More Quotes from Ted Gould:
It's been on a steady decline, it certainly bodes well for the U.S. dollar and obviously that feeds into the interest rate story.Ted Gould
The Bank of Canada is data-dependent right now. If economic data continue to be good, it will continue to raise interest rates. The Canadian dollar will strengthen.
Ted Gould
We see another 25 basis-point rate hike next month. The central bank seems to be a little bit concerned the economy may be growing too fast. The Canadian dollar will continue to do well.
Ted Gould
There have been pretty solid economic numbers. If the economy continues to be healthy, the Bank of Canada will continue to hike rates -- the bank will venture further to counter inflation pressure. You will see the trend of a stronger Canadian dollar continues.
Ted Gould
If (Conservative leader Stephen) Harper wants to get any of his policies through, and he's put a lot out there... he's going to have to, for lack of a better term, make friends with at least 30 people in other parties.
Ted Gould
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