Will the BOC raise rates another 75bps?

The consensus among analysts is that the BOC will raise rates another 75bps, leaving the target rate at 4.0%. Lately, Canada has been "leading" the Fed since its meetings are scheduled before its southern neighbor's.

What if the BOC doesn't deliver on expectations?

Since both countries are facing similar situations, what the BOC does is often interpreted as a little foreshadowing of what to expect out of the Fed. Therefore, if the BOC doesn't deliver on expectations, it could shake confidence in the consensus that the Fed will also raise rates by 75bps.

Will the BOC hit the brakes on interest rate increases?

“The BoC won’t hit the brakes on interest rate increases but it is likely to slow them down. And we believe this week’s increase could be the last in this cycle. We expect a 25 bps increase in the overnight rate to 4.0% from the central bank.

Can a Box-Cox transformation be used as a forecast distribution?

One issue with using mathematical transformations such as Box-Cox transformations is that the back-transformed point forecast will not be the mean of the forecast distribution. In fact, it will usually be the median of the forecast distribution (assuming that the distribution on the transformed space is symmetric).