Many economists think the central bank may raise rates just once this year if the economy slows significantly
The sharp decline in oil prices has temporarily dimmed its outlook
Interest-rate hikes will still be needed over time
Canada’s central bank keeps eye on oil slump, investment
Lower growth prospects expected to reinforce Stephen Poloz’s strategy of moving very gradually on rate increases
Interest rates are no longer expected to rise as high they had before the financial crisis, which means there will be less room for the bank to cut rates in an economic downturn
With the prospect of more rate hikes, Canadian funding costs will remain more sensitive than U.S. banks
The Bank of Canada will decide on the appropriate pace of the increases based on how well the economy adapts to higher interest rates established by earlier hikes
Testifying before MPs, the Bank of Canada governor said the current rate is still too stimulative for the improved economy
Increase follows Bank of Canada decision