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Fed Cut Odds Swing Wildly

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See also: Mortgage Tidbits (below).

With no blockbuster data dropping on Monday, traders were stuck gnawing on the same stale crumbs about December's Fed policy decision. Officials at the central bank have ample influence over Canadian rates. However, this time the Americans could have less sway over a Bank of Canada that "sees the current policy rate at about the right level" already.

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