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Your Guide to the Bank of Canada's Bellwether Rate Decision

  • Poloz expected to lift benchmark rate to 0.75% Wednesday
  • Increase would add upward pressure to bond yields worldwide
Bloomberg business news

Bank of Canada Decision Looms: QuickTake

Canada will likely become the first Group of Seven country to join the U.S. in raising interest rates on Wednesday, potentially fueling speculation the world’s central bankers are heading into a tightening cycle.

The Bank of Canada is widely expected to raise its 0.5 percent benchmark interest rate by a quarter percentage point at a 10 a.m. decision in Ottawa. Markets are pricing in another quarter point hike by the end of the year.