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.”

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