Central bank signals more hikes likely over time
Canadian debt levels are the highest they’ve ever been and high housing prices have been a driving factor
The Bank of Canada’s decisions have become “particularly” data-dependent, the central bank governor says
Benjamin Tal, deputy chief economist at CIBC World Markets Inc., explains why the Bank of Canada and the U.S. Federal Reserve will refrain from further interest rate hikes in 2017.
Last week’s announcement caught many analysts by surprise
David Tulk, institutional portfolio manager, Fidelity Investments Canada ULC, discusses the recent Bank of Canada irate hike, the likelihood of a further hike this year, and signs of slowing economic growth.
Interest rate hike will benefit RBC by as much as $300 million over five years: CEO
The increasingly robust economy shows it no longer needs as much stimulus, central bank says
Increased payments on mortgages and other debts could hit the economy as people have less disposable income to spend elsewhere
Several analysts are now predicting the Bank of Canada will hike its trend-setting rate Wednesday