The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to a majority of economists polled by Reuters who however said the risk of at least one more rate hike was high.
With inflation still running at more than twice the BoC’s 2% target, the job market strong, growth resilient and signs the housing market may be turning, most say there is still a distinct possibility the BoC breaks the rate pause it has had in place since January.
Read More : Bank of Canada to Maintain Rates for the Rest of the Year, but Possibility of at Least One More Hike