Bank of Canada expected will hold interest rates steady, says RBC Economics
Most economists are leaning toward another 25 basis point hike when the Bank of Canada announces its decision on interest rates this week.HSBC Securities (Canada) Inc. says that the balance of opinion in the Canadian market is looking for the Bank to hike rates at this meeting by 25 bps. However, it says, “The financial […]
End to rate hikes on the horizon
Pause in campaign of increases may be near
But activity is expected for both in the near future
Language of policy statement sparks debate
The Bank of Canada increased interest rates for a sixth consecutive time today, boosting the key overnight rate by a quarter of a percentage point to 4%.The hike had been widely expected by economists.In its statement, the bank said “The global economy has been growing at a robust pace, exhibiting a little more momentum than […]
On the heels of a speech last night by Pierre Duguay, deputy governor of the Bank of Canada, RBC Financial economists note that the BoC appears to be taking a more hawkish position on interest rates.Duguay was speaking to the School of Business, Okanagan College, in Kelowna, BC. In his comments, he reiterated the bank’s […]
But historical record unclear on whether U.S. profits would get a boost from related dollar decline
Strong economic growth during current quarter a factor