The Bank of Canada probably isn’t done raising interest rates.
Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected to resume their tightening campaign. About one in five economists surveyed by Bloomberg say the central bank will raise its benchmark overnight rate 25 basis points to 4.75% on Wednesday, when it delivers a statement-only decision at 10 a.m. in Ottawa.
Read More : Bank of Canada Poised to Resume Interest Rate Hikes, Indicates Readiness