Canada Economics

Canada Economics Weekly

19 October, 2018

From pot to Poloz

After the legalisation of cannabis this week, next week the spotlight turns to the Bank of Canada’s policy rate announcement. The Bank looks set to raise interest rates for the third time this year, to 1.75%. As that hike is widely expected, the key event will probably be Governor Stephen Poloz’s press conference, where there is potential for him to be a bit more hawkish than investors seem to expect.

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