The Bank of Canada’s decisions have become “particularly” data-dependent, the central bank governor says
The central bank is also keeping close tabs on the rise in protectionist sentiment in some parts of the world and what it might mean for the Canadian economy
Last week’s announcement caught many analysts by surprise
The increasingly robust economy shows it no longer needs as much stimulus, central bank says
The award will be combined with an offer of permanent employment at the central bank
This is the central bank’s first interest rate increase since 2010
There are signs that Canada’s economy is building momentum and the Bank of Canada could start raising interest rates on July 12
The bank’s most recent quarterly survey of Canadian firms finds that corporate expectations are all above historical averages
The Bank of Canada’s next interest rate announcement is set for July 12
Stephen Poloz also pointed to several lingering uncertainties that could mean the central bank may not be ready to increase rates just yet