The BOC and Interest Rates
BofA / Merrill Lynch is out with a note on interest rates. They see the Bank of Canada as the next central bank to move on interest rates.
– Bank of Canada’s Carney speech hinted that the central bank is considering a rate hike earlier than the prior forecasted mid-2010.
–There is a trade surplus expected for December and a 15 month high for January housing starts. Both of these data points support a forecast for the first Bank of Canada rate hike in June 2010.




