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A final 25 bp hike

The easing of core inflation pressures in May and the decline in inflation expectations means the case for another interest rate hike is not as strong as it seemed a few weeks ago. Nonetheless, with the housing market heating up and GDP rebounding, it still seems more likely than not that the Bank of Canada will raise its policy rate again next week.  

Canada Drop-In (12th July): We’re holding a post-BoC July meeting briefing at 12:00 EDT/17:00 BST on Wednesday, 12th July. Click here to register to join.

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