The central bank is keeping a close eye on NAFTA renegotiations, competitiveness related to U.S. tax cuts and impacts on the housing market
The U.S. Federal Reserve Board is “increasingly likely” to raise interest rates four times this year
The hikes follow a move by the Bank of Canada to boost its key short-term rate
Many economists expect the central bank to raise the overnight rate by 25 basis points to 1.25%
Interest rate hike, new mortgage rules may trigger real estate market slowdown
With domestic growth fueling inflation, Scotiabank predicts the Bank of Canada will increase rates three times this year
The bank will announce its upcoming target on Jan. 17
At its Dec. 14 meeting, the ECB council left benchmark interest rates and its stimulus program unchanged
The central bank pointed to encouraging job and wage growth, sturdy business investment and the resilience of consumer spending as reasons for a pending interest rate hike
Inflation has been in the lower end of the central bank’s itarget bands of 1% to 3% for quite some time