Money markets raise Bank of Canada 2026 rate hike bets by 75 basis points

How the oil shock could lead to wider economic pain for Canada

Financial markets are betting that the Bank of Canada will hike interest rates three times this year, starting in July

Money markets raise Bank of Canada 2026 rate hike bets by 75 basis points

Money markets raised their bets on a Bank of Canada rate hike on Friday, assigning a more than 20 per cent chance of one next month as the Iran war showed no sign of abating and oil prices rose.

Markets raise bets on Bank of Canada hikes as oil fears mount

Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks.

Markets Anticipate Further BoC Rate Hikes Amid Oil Concerns

Markets Predict Aggressive Rate Hikes by Bank of Canada Ottawa – Financial markets are anticipating a more aggressive approach by the Bank of Canada regarding interest rate hikes this year, despite Governor Macklem’s recent dovish stance. Overnight interest rate swaps indicate traders are pricing in a 75-basis point increase in borrowing costs by year-end, starting with a 25-point hike in July. Key Facts: Markets predict 75 bps increase by year…