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Scotiabank says the Bank of Canada’s next move will be a rate hike

Summary by Mortgage Rates & Mortgage Broker News in Canada
The bank’s economists believe the rate-cut cycle is over, and that Governor Macklem could be raising rates again by the second half of 2026.
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Mortgage Rates & Mortgage Broker News in CanadaMortgage Rates & Mortgage Broker News in Canada

Scotiabank says the Bank of Canada’s next move will be a rate hike

The bank’s economists believe the rate-cut cycle is over, and that Governor Macklem could be raising rates again by the second half of 2026.

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Mortgage Rates & Mortgage Broker News in Canada broke the news in on Monday, November 17, 2025.
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