What's priced in for the Bank of Canada decision on Wednesday - ConsultFX

What's priced in for the Bank of Canada decision on Wednesday

A hike is virtually a done deal The market is almost-certain the Bank of Canada will hike rates on Wednesday. The OIS market is pricing in a 96% chance of higher rates. That's steadily risen since BOC Governor Poloz spoke on June 27 and the likelihood fell as low as 58%.