Most forecasters expect the Bank of Canada to raise interest rates again in July
Rising loan losses, growing expenses eating into banks' bottom lines
With inflation at 8.7%, monetary policy committee raised interest rate to 5%
Latest hike came after inflation rose slightly to 4.4% in April
Rates to stay higher for longer amid inflation, 2024 forecast revised down
Latest increase ensures banks have a cushion to absorb rising credit losses
Link between government spending and inflation is complex
Central banks seek sweet spot between fighting inflation and sparking recession
CREA data suggest a marked shift away from sluggish sales and slumping prices
The quarter-point boost is the European Central Bank's eighth straight increase in interest rates