Markets priced in for 7 hikes in 2022 but 5 hikes are more likely: Strategist
Karl Schamotta, Chief Market Strategist at Corpay, joins BNN Bloomberg to discuss what he expects from today's BoC announcement. Schamotta says Canada’s central bank is highly likely to raise its benchmark rate by 25 basis points. He adds that it is too soon to predict how geopolitical issues in Ukraine could impact Canada's economy. Watch the BNN Bloomberg video here.