Bank of Canada Can Let Loonie Weaken and Skip Hikes, BofA Says (opens original article in a new tab)

Bank of Canada may keep rates unchanged through 2027 and allow the loonie to weaken even if US policy tightens, according to BofA.

• Bank of Canada may keep rates on hold through most of 2027
• Canadian dollar could weaken further according to BofA
• BofA suggests Bank of Canada might skip rate hikes despite US monetary policy tightening