Read Time: 3 minutesHOT INFLATION CAUTIONS AGAINST DOVISH TURN Core inflation in Canada exceeded expectations in December, making a significant shift towards a dovish stance by the Bank of Canada (BoC) in January unlikely. Despite this, the article suggests that higher interest rates are causing concern, leading to expectations of rate cuts starting in the…

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Read Time: < 1 minuteSpeculators are ramping up their bearish wagers on Canada’s dollar, lifting net short positions to the highest in nearly five years, according to a report from the Commodity Futures Trading Commission. “The Canadian dollar short base is still substantial as inflation remains stubborn and growth lackluster,” said Brad Bechtel, global head…

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