Bank of Canada Can 'Tolerate 100 bps Hike From Fed'

The transcript discusses the Bank of Canada's stance on interest rates, suggesting it can tolerate a 100 basis point change from the Fed without action. If the Bank of Canada moves, it is likely to cut rates to weaken the Canadian dollar. The transcript also highlights the potential market reactions to currency fluctuations and the implications for monetary policy.

What factors could lead the Bank of Canada to consider cutting rates?

What does the speaker imply about the predictability of the Bank of Canada's actions?