‘A tight spot’: Economists expect Bank of Canada to hold policy rates

Forecasts Tilt Toward Rate Pause From Bank of Canada This Week

‘A tight spot’: Economists expect Bank of Canada to hold policy rates

As Canada’s inflation rate edged up slightly in June, economists predict the Bank of Canada will hold off from cutting interest rates this month suggesting Canadians continue to face underlying price pressures in the economy.

Stubborn Core Inflation in June Likely Cements Calls for Bank of Canada Rate Hold

Underlying inflation remained stubbornly hot in June, leading financial markets and many economists to firm up calls for a third straight interest rate hold from the Bank of Canada later this month. Statistics Canada said Tuesday that the annual pace of inflation accelerated to 1.9 percent in June, up from 1.7 percent in May and largely in line with economists’ expectations. Prices didn’t ease much at the gas pumps last month, the agency said, a…

Stubborn core inflation in June likely cements calls for Bank of Canada rate hold

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