Traders Are 'Nonsensical' in Betting on 3 Canada Rate Hikes -- Market Talk

Dow Jones03-23

0914 ET - Traders "are truly out of step with reality" by pricing in three interest-rate increases from the Bank of Canada by the end of 2026, says David Rosenberg, economist and head of market-strategy firm Rosenberg Research. "Unless you believe that the best way for the BOC to deal with an exogenous price shock with a near-7% unemployment rate is to detonate the economy (I don't), this tightening-trade is nonsensical," he writes in a note to clients. He says the front end of the Canada yield curve looks appealing, with the possibility of a 6% return within a year. Inflation will climb but its staying power will crumble, Rosenberg predicts, due to the country's weak labor market. (paul.vieira@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 09:14 ET (13:14 GMT)

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He says the front end of the Canada yield curve looks appealing, with the possibility of a 6% return within a year. Inflation will climb but its staying power will crumble, Rosenberg predicts, due to the country's weak labor market. 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He says the front end of the Canada yield curve looks appealing, with the possibility of a 6% return within a year. Inflation will climb but its staying power will crumble, Rosenberg predicts, due to the country's weak labor market. 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He says the front end of the Canada yield curve looks appealing, with the possibility of a 6% return within a year. Inflation will climb but its staying power will crumble, Rosenberg predicts, due to the country's weak labor market. 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