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 implications does Jerome Powell's hawkish tone have on the US economy?

What is the outlook for the Canadian dollar over the next 6 to 12 months?