Sunday, 13 September 2015

Canada Interest Rate October

What will be the result of the October 21st Bank of Canada interest rate announcement?
Rate Cut: 15%
Unchanged Rate: 80%
Rate Increase: 5%

The next interest rate announcement will take place on October 21st.  The expectation seems to be that rates will stay the same (see story here).  According to the article, markets give a 19% chance to a rate cut in October (atlhough this might not be the precise number now).  A rate increase is presumably also possible, especially if the US Fed decides to increase rates.

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