But central bank has room to move judiciously
Tighter monetary stance should keep inflation low
Rates forecast to start climbing in August
U.S. rates remain at 46-year low of 1%
Inflation pressures building as economy grows
Canadian economy continues to adjust to global developments
Fed unlikey to raise rates before U.S. election
Low rates supporting economic growth
Rates trimmed by 25 bps
Core inflation forecast to remain below Bank of Canada target