Bank of Canada Holds With A Hawkish Bias

Derek Holt, VP & Head of Capital Markets Economics

May 31, 2018


The BoC left its policy rate unchanged at 1.25% with a hawkish bias. Nothing in this statement reads that the BoC views its work as done for the year; indeed, much to the contrary as the BoC took a further step toward teeing up a July hike and at least one more thereafter this year.

SCOTIA ECONOMICS REPORT: SCOTIA BoC 2018 05 30