Capital Economics expects Bank of Canada to hold rates next month
Capital Economics says it’s a close call but expects the Bank of Canada to keep its main interest rate unchanged next month, despite Gov. Tiff Macklem opening the door for a hike on Oct. 29.
Capital Economics says the decision is a close call, but it expects the Bank of Canada to leave its main interest rate unchanged next month, despite Gov. Tiff Macklem opening the door to a hike on Oct. 29. CapEcon’s Stephen Brown said the BOC is likely to raise its CPI forecasts in its next quarterly report.