There is an increasing consensus that we will get some action out of the BOC following their interest rate decision tomorrow. Of course, it’s too soon to expect a change in the interest rate. So, there is a unanimous agreement that rates will stay at 0.25%. But, the market understood that the BOC has taken a more hawkish tone after the last meeting when they raised their forecast for economic growth. The bank has repeated a line that a lot of other central banks have said: that inflation is expected to rise above the average, but then subside afterwards. This is the justification for keeping rates low. Several ... (full story)