BoC expected to raise rates again this week, vying to quash inflation faster
BoC expected to raise rates again this week, vying to quash inflation faster
www.ctvnews.ca BoC expected to raise rates again this week, vying to quash inflation faster
The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off.
Deloitte's chief economist, Dawn Desjardins, said there have been some recent signs that the economy is taking a turn, with the latest job report for June showing the unemployment rate rising and wage growth slowing.
But the overall picture suggests inflation is still sticky, wage growth is high and the economy continues to churn, she said.
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Let's be real, BoC has OCD and wants to bring to a nice round number of 5%.