Wednesday is a two-central-bank day, and they are moving in opposite directions.

TL;dr: On Wednesday, October 28, the Bank of Canada and the US Federal Reserve announce rate decisions on the same day, and the market expects them to move in opposite directions. The Bank of Canada is priced at roughly 78 percent odds of a 25 basis point hike that would take its policy rate from 2.25 percent to 2.50 percent, while the Fed is priced at roughly 90 percent odds of holding its target range at 3.75 to 4.00 percent. Those are expectations, not outcomes, and the template below lets...