Economists predict Bank of Canada will hike interest rates another 25 basis points as early as July before stopping at 5%. Read on.
Play Video
Canada’s central bank will increase its key overnight rate to five per cent in the third quarter, according to a monthly Bloomberg survey of 25 economists. That would be the highest level since 2001.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The results underline the challenge faced by economists as they try to pinpoint the end of governor Tiff Macklem’s hiking campaign. In the last year, expectations for the country’s terminal rate have been consistently revised upward as surprising economic growth and robust household consumption defy the widely held belief Canada is more sensitive to higher
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bank of Canada debated waiting until July to hike interest ratesThe Bank of Canada considered waiting until July to raise rates, but ultimately decided to act sooner amid hot economic data. Read on.
Lire la suite »
Bank of Canada almost waited until July to hike interest ratesThe Bank of Canada considered waiting until July to raise rates, but ultimately decided to act sooner amid hot economic data. Read on.
Lire la suite »
Bank of Canada almost waited until July to hike interest ratesThe Bank of Canada considered waiting until July to raise rates, but ultimately decided to act sooner amid hot economic data. Read on.
Lire la suite »
Opinion: Signs suggest the Bank of Canada may deliver another rate hike in JulyThe bank’s recently released summary deliberations around its June decision leave the door open for another increase
Lire la suite »
Rising retail sales strengthen case for Bank of Canada rate hike in JulyCanadians are still spending despite high inflation and interest rates, strengthening case for another Bank of Canada hike. Read more
Lire la suite »
Rising retail sales strengthen case for Bank of Canada rate hike in JulyCanadians are still spending despite high inflation and interest rates, strengthening case for another Bank of Canada hike. Read more
Lire la suite »