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Another rate hike coming: Stats Can

Darpan News Desk The Canadian Press, 15 Aug, 2023 10:04 AM
  • Another rate hike coming: Stats Can

The inflation rate rose to 3.3 per cent in July, a development that economists warn spells bad news for the Bank of Canada.

Forecasters say the latest report raises the odds of an interest rate hike next month, despite other signs of economic softening, including rising unemployment.

B-MO chief economist Douglas Porter still expects the Bank of Canada will stay on the sidelines but he says the inflation figures will make it a tougher call.

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Body found in Oak Bay identified

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Body found in Oak Bay identified

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IHIT identifies Richmond shooting victim as Ravinder Samra

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B.C. real estate agent fined $20,000 after being caught swigging milk at home showing

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Hundreds allowed to return home near Kamloops as evacuation order eases