Golden Ten Review: 9 investment banks look forward to the decision of the Central Bank Intrerest Rate in Canada - the unemployment rate has risen, expecting a repeat 50BP rate cut

GoldenOctober2024 · 2024-12-11T13:09:31+00:00

1. Goldman Sachs: Expected to cut interest rates by 50 basis points, the reasons for easing policies are reinforced by economic slowdown, rise in unemployment rate, and Q3 GDP data lower than expected. 2. Bank of Canada: Expected to cut interest rates by 50 basis points due to weak economic background, the unemployment rate has risen by a full percentage point from a year ago, while the Intrerest Rate remains high. 3. HSBC: Expected to cut interest rates by 50 basis points, the Bank of Canada is not too concerned about the risk of inflation rekindled by aggressive easing policies, but is worried that the easing measures are insufficient. 4. ING: Expected to cut interest rates by 50 basis points, while a more conservative cut of 25 basis points may be interpreted as concerns about whether the Fed will ease policies. 5. Mitsubishi UFJ: Expected to cut interest rates by 50 basis points due to weak labor market. Long on USD/CAD, target 1.4550, policy divergence supports further decline in the Canadian dollar. 6. TD Securities: Expected to cut interest rates by 50 basis points due to the unemployment rate rising to a new high in recent years. Factors such as consumer spending Rebound may also lead to a 25 basis point cut. 7. Montreal Bank: Expected to cut interest rates by 50 basis points due to the sharp rise in unemployment rate, the Canadian dollar may further weaken due to the extremely uncertain future trade situation. 8. Imperial Bank of Commerce: Expected to cut interest rates by 50 basis points, the constantly rising unemployment rate and weak hourly wage data strengthen the need for further easing policies. 9. Rabobank: Expected to cut interest rates by 25 basis points, followed by 4 more cuts, bringing the Intrerest Rate down to 2.50% by mid-next year. The 6-month target price for USD/CAD is 1.44.

GoldenOctober2024

2024-12-11 13:09:31

Goldman Sachs: Expected to cut interest rates by 50 basis points, the reasons for easing policies are reinforced by economic slowdown, rise in unemployment rate, and Q3 GDP data lower than expected. 2. Bank of Canada: Expected to cut interest rates by 50 basis points due to weak economic background, the unemployment rate has risen by a full percentage point from a year ago, while the Intrerest Rate remains high. 3. HSBC: Expected to cut interest rates by 50 basis points, the Bank of Canada is not too concerned about the risk of inflation rekindled by aggressive easing policies, but is worried that the easing measures are insufficient. 4. ING: Expected to cut interest rates by 50 basis points, while a more conservative cut of 25 basis points may be interpreted as concerns about whether the Fed will ease policies. 5. Mitsubishi UFJ: Expected to cut interest rates by 50 basis points due to weak labor market. Long on USD/CAD, target 1.4550, policy divergence supports further decline in the Canadian dollar. 6. TD Securities: Expected to cut interest rates by 50 basis points due to the unemployment rate rising to a new high in recent years. Factors such as consumer spending Rebound may also lead to a 25 basis point cut. 7. Montreal Bank: Expected to cut interest rates by 50 basis points due to the sharp rise in unemployment rate, the Canadian dollar may further weaken due to the extremely uncertain future trade situation. 8. Imperial Bank of Commerce: Expected to cut interest rates by 50 basis points, the constantly rising unemployment rate and weak hourly wage data strengthen the need for further easing policies. 9. Rabobank: Expected to cut interest rates by 25 basis points, followed by 4 more cuts, bringing the Intrerest Rate down to 2.50% by mid-next year. The 6-month target price for USD/CAD is 1.44.

BP-0.16%

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