Prediction for BoC rate hike say September

Tomorrow the Bank of Canada is meeting to review the prime rate.  TD, Royal Bank, and BMO have pushed out their expectations of a rate increase to September, sighting the following factors,

“With signs the U.S. and global economies have entered a soft patch and the European debt crisis continuing to roil, most economists do not expect the bank to raise its overnight target rate until at least September.”

Read the full story at Vancouver Sun

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