Economics
BlackRock Says Market Being Too Aggressive in Pricing Canadian Hikes
- Canada to hike just once more this year, if at all, firm says
- Loonie will struggle for traction absent BOC tailwind: Pimco
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The world’s biggest money manager is breaking from consensus, saying the Bank of Canada will increase interest rates only once more in 2018 -- if that.
While none of the 21 analysts surveyed by Bloomberg expects a hike at Wednesday’s central bank announcement, strategists and traders remain convinced that officials are on course to raise rates at least two, and potentially three more times before year-end.