RBC Says Canada Rate Rise Delay to 2015 More Realistic

The Bank of Canada may delay raising its policy interest rate until the first half of 2015, Royal Bank of Canada’s capital markets unit said today.

“There is a non-trivial risk that our current 3Q 2014 policy call may be threatened,” Ian Pollick, RBC economist, said in a note to clients. “A move to 1H 2015 is becoming more realistic.”

RBC said it will wait until the central bank issues its monetary policy report later this month before making any adjustment.

(Corrects date reference in second paragraph.)
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