Hawkish BOC Ends QE. May Hike Interest Rate in 2Q22 the Earliest

<p>The BOC surprised to the hawkish side at the October meeting. Policymakers announced to end the QE program and begin the reinvestment process, compared with consensus of a reduction to the weekly purchase of CAD1B. While leaving the overnight rate unchanged at the effective lower bound of 0.25%, the timing for the first rate hike […]</p>
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