Canadian Dollar Slips as Rate Hike Bets Come Under Scrutiny

The Canadian dollar is facing pressure due to weak data that has cast doubt on bets for a Bank of Canada rate hike, according to Rosenberg Research.

Rosenberg Research analyzed data and found that the Canadian economy is experiencing a slowdown, which could impact the bank's decision to raise interest rates.

The report suggests that the Bank of Canada may not increase interest rates as previously expected, affecting the value of the Canadian dollar.