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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

  • By: IE Staff
  • January 11, 2018 January 11, 2018
  • 15:10

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

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

Q4 interest rate forecast

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