Bank of Canada Interest Rate projections

The June 3-month banker’s acceptance futures are trading at 0.89% at present. This suggests that the short-term interest rates (the target overnight rate) will likely raise 0.5% to 0.75%. However, the banker’s acceptances generally are a quarter point over the prevailing target rate, which suggests the market is pricing an approximate 40% chance that the … Continue reading Bank of Canada Interest Rate projections