Doug Porter Raise Quotations

If the bank does indeed raise rates, they are likely to sound very cautious about future rate moves, with the press release likely to highlight the many risks to the economy.

The overwhelming view is that the bank will continue to raise interest rates, despite the latest strength in the Canadian dollar.

At the very least, it drums on the point that they'll continue to raise interest rates. By deductive reasoning, you'd assume that they don't have a big problem with the strength of the currency.

These together will probably increase consumer spending and at the margin . . . it will put a bit of upward pressure on growth and could potentially put that much more pressure on the Bank of Canada to raise interest rates.