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Bloomberg: Canada Job Surge Spurs Traders to Pare Rate-Cut Bets

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Updated:2025-01-10
News10

'The data suggest the Canadian economy is beginning to find its footing, Karl Schamotta, chief market strategist at , said in a report to investors. 鈥淏ut we suspect the Bank of Canada鈥檚 dovish stance will remain intact for now, with officials continuing to push rates into neutral territory 鈥 and perhaps beyond 鈥 as they attempt to build a firewall against further weakness, particularly if Donald Trump follows through on his threats to apply tariffs against Canadian goods,鈥 Schamotta said.'

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