Firming Shelter Costs Prompts Macquarie to Forecast BOC Rate Hike — Market Talk

Macquarie Group economist David Doyle says the firm now believes the Bank of Canada is set to raise rates in October, citing firmness in month-over-month readings of core inflation. Overall, Macquarie expects the BOC policy rate to hit 3.5% by the end of 2027, or 125 basis points higher than its pr…