Canada's Dollar Sets 12-Year Low as Bets Mount on 2016 Rate Cut

Updated on
  • Traders see growing probability of BoC reduction by mid-year
  • Falling crude oil, signs of China weakness drive wagers

Derivatives and currency traders see a growing chance that the Bank of Canada will drop interest rates back to a record low this year as the economic outlook dims abroad and at home.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.