Is Canada on track to hike interest rates?

USd/gal. Canada’s annual inflation rate held steady in October, but some key gauges of underlying price pressures trended higher, likely keeping the central bank on track to press ahead with interest rate hikes.

Will the bank of Canada continue its aggressive rate hike campaign?

Economists are expecting the Bank of Canada to continue its aggressive rate hike campaign after inflation data came in higher than expected. The latest data released by Statistics Canada on Wednesday shows the consumer price index (CPI) up 6.9 per cent year-over-year in September.

Will the bank of Canada raise interest rates in October?

REUTERS/Chris Wattie OTTAWA/BENGALURU (Reuters) - The Bank of Canada is likely to leave interest rates unchanged at its Sept. 6 meeting and wait until October to raise them, allowing time for more data to show whether still-tame inflation pressure is picking up, a Reuters poll released on Friday showed.

Should the BOC continue to hike rates?

He said the BoC must continue to hike rates so that inflation is brought under control and price stability is restored. Should it fail to do so, inflation will continue to drive wage increases, which will make it even harder for the bank to fight it later on, he added.