Scotia: BoC To Hike Next Week

Derek Holt, VP & Head of Capital Markets Economics

September 1, 2017

Scotiabank Economics expects the Bank of Canada to raise its overnight rate by 25bps next Wednesday in a statement-only affair. We expect a neutral-hawkish bias in a nod to how there are further hikes to come beyond simply unwinding the two 25bps cuts in 2015. We believe the central bank remains on the path toward raising its policy rate by about one full percentage point by the end of next year in a more front-loaded set of moves—and likely more increases than priced in by markets through 2018.

Full report:BOC RATE HIKE 2017 08 31