Bank of Canada Hikes by 75 Basis Points

The video discusses the Bank of Canada's recent rate decision, which met market expectations of a 75 basis point increase. The US dollar's strength is highlighted, impacting the Canadian dollar and other major currencies. Jerome Powell's hawkish comments suggest further US interest rate hikes, influencing global markets. The Canadian dollar is expected to hold relatively well against the US dollar in the coming months, despite nearing the end of the Bank of Canada's rate hiking cycle.

What was the market's expectation regarding the Bank of Canada's interest rate decision?

• A 75 basis point increase

• A 50 basis point increase

• No change in interest rates

• A decrease in interest rates

How has the Canadian dollar performed against the US dollar recently?

• It has strengthened significantly

• It has remained stable

• It has weakened to its lowest level since late 2020

• It has outperformed the US dollar

Which currencies are mentioned as being at multi-year extremes in terms of weakness against the US dollar?

• Yen, Sterling, and Canadian Dollar

• Canadian Dollar, Euro, and Yen

• Euro, Yen, and Sterling

• Sterling, Canadian Dollar, and Euro

What is the potential future movement of the Canadian dollar according to the discussion?

• Major appreciation

• Relatively stable with minor fluctuations

• Slight appreciation

• Significant depreciation

What is the expected impact of Jerome Powell's comments on the US economy?

• A softer landing for the US economy

• A harder landing for the US economy

• Immediate recession in the US economy

• No impact on the US economy