News Snapshot:
The Canadian dollar largely remained range-bound in lacklustre trade against the greenback on Monday as the U.S. markets remain closed for the Thanksgiving holiday today and tomorrow; however, investors would eye next week’s GDP data. “With oil under pressure following reports that the US, China and other major oil consumers may be preparing to release crude oil reserves, CAD underperforms its peers. Citi expects the BoC to start lifting rates by April 2022 though comments from BoC Governor Macklem, while suggesting the Bank is getting closer to lift-off, also warn that they have not changed their view on the transitory...
