Economics
Why the Case for a Bank of Canada Rate Hike Isn’t Airtight
- Risks remain from weak inflation, rising currency and housing
- Still, all of Canada’s big banks predict rate hike next week
Stephen Poloz
Photographer: Chris Roussakis/BloombergThis article is for subscribers only.
A Bank of Canada rate increase next week isn’t a sure thing.
Even with all of Canada’s biggest commercial banks now calling for a hike, if the central bank chooses to hold off, it could cite a range of factors from tepid inflation to Nafta uncertainties.