Interest rates - Bank of Canada meeting (July 12, 2017)

“For months the consensus has been that interest rates in Canada would remain stable right into 2018. Now Bank of Canada governor Stephen Poloz and his colleagues are dropping broad hints that the central bank will move a lot sooner, perhaps as early as next Wednesday’s meeting.” (Toronto Star)

Christopher Ragan, Professor of Economics, McGill University

“If and when the Bank of Canada begins to raise its policy interest rate, it will be a good sign for Canada. It means that our recovery is solidly progressing. It also means we can gradually begin to end the problems of having interest rates too low for too long.”—Chris Ragan