Thursday, 23 June 2016

Interest Rate July

What will be the result of the July 13th Bank of Canada interest rate announcement?
Rate Cut: 6%
Unchanged Rate: 91%
Rate Increase: 3%

After leaving rates unchanged in May, the Bank of Canada is expected to keep rates unchanged in July as well (see article here).  I tend to think a rate change is very unlikely, but a rate cut is more likely than a rate increase, given the fire in Fort McMurray.

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