Thursday, 28 April 2016

Canada Interest Rate May

What will be the result of the May 25th Bank of Canada interest rate announcement?
Rate Cut: 5%
Unchanged Rate: 85%
Rate Increase: 10%

The Bank of Canada declined to change interest rates at its April meeting (see article here).  The expectation seems to be that the rate will continue to be unchanged for the near future.  If the Bank does change the rate, it seems that a rate hike is more likely than a rate cut (see article here).

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