# How market bets and economist views for future BoC rate moves have shifted after Tuesday’s inflation data - The Globe and Mail

> Canada's November inflation slowed unexpectedly to 1.9%, and the Canadian dollar fell to 5-year lows near 69.82 US cents after a stronger-than-expected US retail sales report. Canada's 2-year yield rose slightly to 3.046%, in line with the US counterpart. Market pricing for future Bank of Canada moves was little changed.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27213-how-market-bets-and-economist-views-for-future-boc-rate-moves-have-shifted
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stable Bank of Canada rate expectations, combined with a strong US dollar, keep pressure on the loonie and the cost of Canadian exports priced in US dollars. This sustains a currency-driven shift in Canadian export competitiveness.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-how-market-bets-and-economist-views-for-future-boc-rate-moves-have/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.