The Canadian economy has shown strength in job creation, leading Bank of Canada governor Mark Carney to declare that policy makers would consider future interest increases if the financial recovery continues to improve at faster than expected rates.
policies and higher interest rates sometime this summer.
TORONTO, Ont. The Bank of Canada will make a decision on interest rates Tuesday, and for the fifth meeting in a row, it expected there will be no change to interest rate policies.
International interest rates have crept higher, with the European Central Bank making their first interest rate hike since the recession last week, while Canadian bond markets indicate an 84 per cent chance of an interest rate increase in July.
Interest rates likely to remain steady until July