Well see what the data has in store, tomorrow jobs report and discuss in rate hike thread.asa1973 wrote: ↑Jan 4th, 2018 1:55 pmExactly it's not done yet. With CAD jumped to 0.8USD quite exclusively on oil price and 60k job loss expected https://globalnews.ca/news/3944598/6000 ... -increase/
BoC just got few more excuse to hold on rate change remembering his "cautious" statement in Dec. Any negative sentiment on top of that and rate hike is toast. I quite doubt BoC will increase rate before March-April and more then 2 per year.
Poloz might hike his month if jobs kills it. I doubt he's going to wait all year to see if minimum wage cuts 60k jobs before he hikes rate.
Inflation is building and they can't afford to let that slide, as it becomes very problematic keeping it from creeping up and keeping prices stable.