Bank of Canada's Big Interest Rate Decision: What Experts Are Saying

Bank of Canada's big interest rate decision: What experts are saying

The Bank of Canada will announce its rate decision Oct. 28 as inflation reaches 3.1 per cent and analysts differ on whether rates could rise.

Canadian dollar holds near four-week high as investors stick to rate hike bets

CANADA-FOREX/:CANADA FX DEBT-Canadian dollar holds near four-week high as investors stick to rate hike bets

Bank of Canada increasingly expected to raise interest rates this month

The Bank of Canada has not raised interest rates since July 2023. And while an eighth-consecutive hold is widely predicted next week, a growing number of economists and traders are now expecting the central bank to hike its trend-setting rate to tamp down stubborn inflation.

Financial markets betting on BoC rate hike next week despite subdued inflation data

Hawkish comments by Governor Tiff Macklem prompted a shift in market predictions for the central bank’s Oct. 28 rate decision

A Bank of Canada rate hike could still land in 2026, say economists after inflation reading

Tiff Macklem's hawkish comments and inflation over 3% suggest central bank may not wait until the new year to raise rates.

Bank of Canada Hike Bets Grow Among Economists, Traders

More economists and traders expect the Bank of Canada to hike interest rates next week after the central bank’s latest surveys showed inflation expectations rising.