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CAD review

Quotes from RBC Capital Markets: -CAD: Our economists are close to consensus on inflation (headline cons 0.8%y/y, RBC 0.9%, core cons 2.1%y/y, RBC: 2.2%). -But pricing for a cut has been pushed out to May/July (having be…

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Quotes from RBC Capital Markets:

-CAD: Our economists are close to consensus on inflation (headline cons 0.8%y/y, RBC 0.9%, core cons 2.1%y/y, RBC: 2.2%).

-But pricing for a cut has been pushed out to May/July (having been 90% priced for a cut next week ahead of Poloz's speech), so the post-Poloz move seems to have gone far enough for now. 1.24 is support.

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