Is a new rate hike a warning to Canadians?

Economists say the latest move is a warning to Canadians not to expect rate cuts anytime soon, and that future rate hikes are not off the table. The central bank’s key interest rate now stands at 5.0 per cent following back-to-back increases.

Will bank of Canada hike interest rates again?

Bank of Canada hikes rates again. Is this the peak? The Bank of Canada has raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001 amid fears the decline in inflation “could stall.”

Will Canada see back-to-back half-percentage-point hikes?

In a report Monday, Bank of Montreal ramped up its timeline, predicting Canada will see back-to-back, half-percentage-point hikes at the central bank’s next two policy decisions, beginning April 13. Bank of America Corp. and Citigroup Inc. are forecasting three consecutive 50-basis-point increases.

Are money markets predicting a hike next week?

Money markets are pricing in a 40 per cent chance of a hike next week as of Wednesday, up from 28 per cent before the data, and they fully expect an increase of 25 basis points by September. “That means we should expect a live June meeting where all bets are on the table,” Nguyen said of the market odds.