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A more forceful 75 bp hike

The recent acceleration in wage growth and rise in long-run inflation expectations leave little doubt that, despite the drop back in commodity prices, the Bank of Canada will follow through with a larger 75 bp interest rate hike next week. Canada Drop-In (13th July): We’re holding a briefing on the Bank of Canada decision shortly after the Wednesday 13th policy announcement. Register to join our discussion about how fast and far rates will rise, housing market risks and the outlook for the loonie. Register now.

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