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Canadian bonds, loonie brace for U.S. Federal Reserve rate hike Add to ...

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The U.S. Federal Reserve is all but certain to increase its key interest rate this week for the second time in three months, raising concerns that bonds and the Canadian dollar will be walloped.

“We still think that investors are underestimating how quickly the [Fed] will raise rates in the second half of this year and beyond,” John Higgins, chief markets economist at Capital Economics, said in a note.

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