Monex Europe analyst said after the BOC raised rates 25bps to 2.50% on Wednesday, the likelihood of a further hike in December is low, leaving the Canadian dollar vulnerable. LSEG shows the market-implied probability of a December BOC hike at 44%. The analyst cited inflation and labour data: CPI ex‑gas +2.2% YoY, BOC‑preferred core inflation 1.85%, and about 110,000 jobs lost over the past two months. The analyst noted the Fed may still hike in December. If markets pare back expectations for a B

Monex Europe analyst said after the BOC raised rates 25bps to 2.50% on Wednesday, the likelihood of a further hike in December is low, leaving the Canadian dollar vulnerable. LSEG shows the market-implied probability of a December BOC hike at 44%. The analyst cited inflation and labour data: CPI ex‑gas +2.2% YoY, BOC‑preferred core inflation 1.85%, and about 110,000 jobs lost over the past two months. The analyst noted the Fed may still hike in December. If markets pare back expectations for a BOC hike, USD/CAD could move toward 1.41–1.42.