Do you think that the BOC will hike its interest rates on May 31?
Fo sho! It’s only a matter of time before the core inflation also exceeds the BOC’s target range.
The BOC’s interest rate hike highly depends on the recovery of the U.S. economy….so NO.
The officials are already worried about the strong Loonie and the weak U.S. economy, so they’ll probably raise rates, but not in the near future.
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