Canada Economics

Bank of Canada Watch

17 October, 2018

Bank to hike as trade uncertainty lifted

The markets are convinced that the Bank of Canada will hike its overnight rate by another 25bp to 1.75% at next week’s policy meeting and it isn’t hard to see why. Economic growth has been solid this year and probably a touch stronger than the Bank’s expectations in the third quarter, with previous weak links such as investment and exports showing signs of a resurgence. Above-potential growth means the economy is operating close to capacity, at a time when core inflation is already slightly

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