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Poloz Talk Leads Investors to Price in 2017 Rate Hike

  • Majority of economists now predict hike no later than January
  • Shift comes on heels of Bank of Canada comments this week
Stephen Poloz

Stephen Poloz

Photographer: David Kawai/Bloomberg

It’s been a pivotal week for Bank of Canada watchers.

Investors and economists are recalibrating rate forecasts after the central bank’s surprise talk of tightening this week signaled a policy move could come sooner rather than later.