Ted Gould Canadian Quotations

It gives such a signal that people may start to go long U.S. dollar and short the Canadian dollar.

We will definitely see another rate hike next month. The Bank of Canada is somewhat concerned about the economy growing at full capacity. If economic fundamentals continue to be good, the Canadian dollar will continue to appreciate.

We see another 25 basis-point rate hike next month. The central bank seems to be a little bit concerned the economy may be growing too fast. The Canadian dollar will continue to do well.

There have been pretty solid economic numbers. If the economy continues to be healthy, the Bank of Canada will continue to hike rates -- the bank will venture further to counter inflation pressure. You will see the trend of a stronger Canadian dollar continues.

The Bank of Canada is data-dependent right now. If economic data continue to be good, it will continue to raise interest rates. The Canadian dollar will strengthen.