Economists Say Bank of Canada to Begin Hiking Rates Next Week

Economists Say Bank of Canada to Begin Hiking Rates Next Week

From bnnbloomberg.ca

Canadian banks are bringing forward their forecasts for interest rate hikes to as early as next week, amid growing evidence the economy is hitting limits and inflation pressures are rising. Economists at TD Securities and Laurentian Bank said Monday the Bank of Canada will start a hiking cycle at its policy decision on Jan. 26. Bank of Montreal brought forward its call on the first increase to March from April, while Bank of Nova Scotia said the central bank “cannot afford” to wait any longer. The more hawkish calls follow the release of the Bank of Canada’s quarterly survey of business executives on Monday, ... (full story)

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