Wednesday July 12: Five things the markets are talking about The Bank of Canada is widely expected today (10:00 am EDT) to raise its benchmark policy rate for the first time in seven years. It would be a strong signal from policy makers that the Canadian economy is on the path to recovery after years of tepid growth following the global slump in commodities. The majority who expect a rate hike of +25 bps to +0.75% cite the bullish shift in central bank communications about the outlook and data signalling Canadian output is expanding at its fastest pace in nearly three years. However, inflation is not pressing, but ... (full story)